Bank of Baroda appoints Ratnesh Kumar as MD&CEO of BOB Capital Markets Ltd.

Kumar, aged 49 years, holds a Masters degree in Management from FMS, University of Delhi and M.Sc. (Hons) in Physics & B.E. (Hons) in Electrical and Electronics Engineering from BITS, Pilani.

He comes with a rich experience in the capital markets domain.

Ratnesh Kumar started his career in the Indian capital markets and financial services sector in 1993.

During past 23 years, he has had diverse experience and has held key leadership roles, last being the Managing Director, Head- Cash Equities India & CEO of Standard Chartered Securities India wherein the main business segments included institutional brokerage, equity capital markets, equity research and retail broking.

He has also held the position of Managing Director, India Strategist & Head of India Research at Citigroup Global Markets India from 2000 to 2008 and played a key role in the set up and scale up of the India business. Prior to Citigroup, he was Head of Research and India Strategist at CLSA.

Over the years, Ratnesh Kumar and the teams led by him have won number of awards and accolades nationally and internationally.

On the occasion, S Jayakumar, Managing Director & CEO, Bank of Baroda who is also the Non-Executive Chairman of BOB Capital Markets Ltd remarked: “We are delighted to have Mr. Ratnesh Kumar join our team. Under his leadership, we look forward to scaling up the business of BOB Capital Markets and further leveraging its synergies with Bank of Baroda.”

Speaking on the occasion, Ratnesh stated that “I am excited to join BOB Capital Markets and be part of the Bank of Baroda group which occupies a premier position in Indian banking industry and has a very valuable customer base and deep network. I eagerly look forward to partnering with all the stakeholders in this journey as we strive to be the preferred partner for all our clients.”