Yes Bank announces appointment of Ajay Rajan, Head, Transaction Banking Sales
Mumbai, Nov 7 (IBNS): Yes Bank, a private sector bank, has announced the appointment of Ajay Rajan as Group President & Head Transaction Banking (Trade & CMS) Sales.
Ajay will be responsible for propelling business development and growth across Yes Bank’s Yes Transact suite of products, including Cash Management Services (CMS), Capital Markets, and Trade (including Supply Chain Finance, Foreign Exchange Services and Bullion) products.
Ajay will further augment Yes Bank’s Transaction Banking franchise and accelerate growth towards the bank’s vision of becoming the ‘Dominant Transaction Bank’ by 2020.
Speaking on the appointment, Rana Kapoor, MD & CEO, Yes Bank, said, “In this critical leadership role, Ajay will lead the Transaction Banking Sales team of over 225 senior product sales leaders covering over 25 key pan India locations. The team will continue to leverage the strength, scale and reach of the Bank’s Corporate and Retail Relationship Groups to further deepen penetration of Trade, CMS and digital products and solutions. YES BANK has developed over 100 APIs (Banking as a Service), and will increasingly support the digital transformation of our clients’ financial supply chains, thereby providing them with core business differentiators.”
Ajay has more than 21 years of corporate banking experience with Deutsche Bank in the areas of Trade Finance & Cash Management across India.
In his last role, he was leading the Global Fintech business for Deutsche Bank.
Ajay has a B.Com, Delhi University and an MBA.
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