Ashok Kapur, the non-executive chairman of private sector lender Yes Bank, has been killed by terrorists in the Trident-Oberoi hotel complex in Mumbai.
Kapur was the founding-promoter of Yes Bank and held nearly 12 per cent in the bank. His body was found on the 19th floor of the hotel, a bank spokesperson said.
Kapur had gone for dinner with his wife at the hotel’s Kandahar restaurant when shooting broke out. In the shooting, the couple were separated and his wife was led out by security officers with a group of other guests. The news of his death came this evening.
Kapur, who was instrumental in setting up this new-generation private bank with Managing Director & CEO Rana Kapoor, started his career with Grindlays Bank.
At Grindlays, Kapur served in various capacities including general manager for institutional banking and managing director for Grindlays Merchant Bank of Nigeria.
He also worked as ABN Amro’s regional manager (executive vice-president) in Singapore where he was involved in expanding the bank's branch network in Asia and Australia. He also worked in different business groups including commercial and investment banking. Kapur was the first Asian to be appointed ABN Amro’s country manager for India.
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Before joining Yes Bank, Kapur was managing director of Rabo India and led a management team to partner Rabobank Netherlands to set up the financial services company focused on corporate and structured finance for the Indian market. RaboBank International Holding BV holds over 18 per cent in Yes Bank.
During his stint at Rabo, the company advised the Tatas on the Tetley acquisition, then the biggest overseas M&A deal by an Indian company.