Arcil, India’s first asset reconstruction company announced the appointment of Mr. Vinayak Bahuguna as its Chief Executive Officer &Managing Director, post the necessary approval from RBI. Mr. Bahuguna is a seasoned professional with over two and a half decades of experience across Corporate Banking, Distress Debt Investment and Asset Management functions, with reputed global banks. He has exposure to credit markets across multiple countries (South Asia, Middle-East, Thailand, Malaysia, Singapore and Nigeria), and connections with reputed global distressed debt investors.

A Chartered Accountant by profession, Mr. Bahuguna commenced his career in 1985 in the corporate treasury function of an engineering company. He forayed into banking with ANZ Grindlays in 1987 and later moved to Standard Chartered Bank in 1998. At Standard Chartered Bank, he headed Alternate Asset Investments Group.Prior to joining Arcil, Mr. Bahuguna managed his own consultingfirm, advising corporates foroperational restructuring and capital raising.

Commenting on his appointment, Ms Soundara Kumar, Chairperson, Arcil, said, “At Arcil, we have always selected leaders who have steered the Company to newer heights. Mr. Bahuguna’s joining as the new CEO & MD will strengthen the relationship and business with Financial Institutions andStakeholders. I see good times ahead for Arcil in assisting banks& FIs with appropriate resolution strategies for pools of distressed assets and backing it with capital solutions and investment.”

Commenting on the occasion, Mr. Vinayak Bahuguna, CEO & MD, Arcil, said, “With the level of mounting assets under stress, challenging yet exciting times lie ahead for the asset reconstruction industry.”

Mr. Bahuguna succeeds Mr. P Rudran who completed his term in April 2015.