The board of directors of Axis Bank has appointed Sanjeev Kumar Gupta as Executive Director with effect from September 1. Gupta is the President and CFO of the third-largest private bank since 2009.

Gupta has served as a Director at Axis Securities & Sales Ltd and has worked with the State Bank of Bikaner and Jaipur. He will take over from Somnath Sengupta, Executive Director (Corporate Centre), who has opted for early retirement. Shikha Sharma, Managing Director and chief executive at Axis Bank, said, “Sanjeev’s elevation to the Board is in recognition of his contribution to the bank’s growth and all-round leadership provided by him. As Executive Director, he will be actively involved in the bank’s overall strategy and will have the specific responsibility for key corporate functions of the bank.”

Read the Hindu Business Line news report here.