The Royal Bank of Scotland Group (RBS) has announced the appointment of Rajesh K Jogi as Chief Risk Officer, India.
Jogi is responsible for overseeing enterprise-wide risk management for India and will be based in Mumbai, a press release issued here today stated.
He takes up the position from Samir Parkash, who is moving to Singapore to assume his new role as Head of Corporate Credit, Global Banking & Markets (GBM), Asia- Pacific.
Speaking on the appointment, RBS' Country Executive, India, Meera Sanyal, stressed the need to continue to have a very strong and robust risk management culture within the franchise.
"As we build our multiple businesses in India–GBM, Global Transaction Services (GTS), private banking and business services and manage the orderly transition of the retail and small medium enterprise (SME) banking businesses to another bank, the requirement of strong risk processes and policies is a critical and defining part of the strategy," he added.
Jogi joins RBS from Citibank, where he spent nearly 17-years, most recently as Senior Credit Officer for India, Sri Lanka and Bangladesh covering Citi India's credit portfolio through the challenging period of the past 24- months.
"More so in a large and diverse market such as India, where RBS runs several businesses and employs over 10,000 people, the risk discipline is front and centre of all discussions," Sanyal added.
Jogi is a chartered accountant and graduated in Economics from St Joseph's College, Trichy.