The Royal Bank of Scotland (RBS) has appointed Anil Gudibande as head of corporate financing and risk solutions for India.
Gudibande will be responsible for developing the bank's CFRS business and for supporting some of its key relationships in the global banking and markets business. He will report to Madan Menon, country head for global banking and markets in India, and Sanjeev Kumar who heads corporate financing and risk solutions for Asia-Pacific.
Gudibande joins RBS from AIG Investments in India where he was part of the private equity team, specifically responsible for originating and closing investments in growth companies. Gudibande joined AIG in mid-2008 after spending most of his banking career with Citi in India. At Citi he worked across divisions, including global corporate banking, debt capital markets and the foreign exchange and derivatives group. Gudibande was a director at Citi when he resigned.
"Anil has joined us at an opportune time when we are increasing our focus on the institutional side of the business," said Menon in a written statement.
RBS's retail and commercial businesses in India are currently on sale. RBS is exiting these businesses across Asia, as part of its restructuring plan following the financial crisis. ANZ has already acquired RBS's retail and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong and the institutional businesses in Taiwan, the Philippines and Vietnam.