Mahajan will join RBS in Singapore as head of sales for financial institutions, Asia ex-Japan û a newly created role which sees him take responsibility for marketing RBS products to FIs across the region. He will market a spectrum of products across flow and structured credit, foreign exchange and rates.
At Deutsche Bank, Mahajan was an MD and head of rates sales and strategic solutions for Asia. When he joined in 2005, he focused on interest rate sales to corporate and investor clients, then from 2007 onwards built up a multi-asset strategic solution group in investor sales. Mahajan joined Deutsche from JPMorgan, where he worked for eight years across roles in Europe.
Only days earlier, Deutsche lost another managing director in Singapore when Vinod Aachi moved to a newly created position as global head of structuring at Standard Chartered. Aachi had been at Deutsche since 1997.
RBS has also brought on board Atal Agarwal as head of financial institutions for India. Agarwal brings over 19 years of banking experience in the country, including 14 years in investment banking. He spent five years at Citi, most recently as director and industry head of banks and non-bank financial institutions.
Amit Dharod also joins RBS in India, in a sales role as part of the markets team led by Arun Khurana, head of markets for the country. Dharod earlier worked with GE Capital in India and with ICICI Bank. Both Agarwal and Dharod will be based in Mumbai.
RBS is scouring talent across the region as it seeks to build out its franchise in Asia. Just this week it hired Steve Chen from Standard Chartered, where he was head of wholesale banking for Vietnam, Laos and Cambodia, and appointed him country executive for Vietnam. In late August RBS poached Sandeep Ghosh from Citi India as regional head of commercial banking Asia, based in Hong Kong, to kick-start an offering to serve small and medium enterprises.