IDFC sees new faces, some old hands return too

While managing director and CEO Rajiv Lall joined the company less than four months ago, Vikram Limaye has recently taken over as executive director, corporate finance and new products.

Limaye, a Wharton MBA, joined IDFC from CSFB in New York. A qualified chartered accountant, he started his career with Anderson Consulting in Mumbai.

Lall said in the next fortnight, another executive director "" for business development and corporate advisory will be named.

"The person will join us from a leading US-based infrastructure finance company. He had started his career with SBI Caps," Lall said.

In addition, A K T Chari has now been appointed as advisor to the managing director and CEO.

"IDFC now has a good blend of the old guard, which has great expertise and experience in IDFC, and the new, who bring with them decades of exposure in international infrastructure finance and other fields. IDFC aims to target a combined aggregate growth rate of 25 per cent every year until 2010," said Lall.

"Our ability to attract talent has been far better than our expectations. Last year, a lot of our employees left, but some have come back since. In fact, four officials, who had joined foreign banks, have returned," he said.