HDFC Bank hires Rakesh Singh as private banking head

HDFC Bank on Friday announced Rakesh Singh as the newly appointed head of Private Banking.

He will continue to head the Bank’s Investment Banking, Capital Markets and Financial Institutions businesses.

As of December 31, 2017, the Private Banking business had assets under advice of over Rs. 93,000 crore across over 16,000 families in India and overseas.

For this role, Singh will report to Abhay Aima, Country Head – Global Consumer Business, Private Banking and Distribution, Direct and Digital Banking and Retail Liabilities, HDFC Bank.

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