IDFC Ltd. Announces the Appointment of Ajay Mahajan as Head Commercial and Wholesale Banking

New Delhi, June 16, 2015
IDFC Ltd., India’s leading Infrastructure Finance Company, today announced the appointment of Ajay Mahajan as their Head Commercial and Wholesale Banking in the bank structure to be launched later this year. In this role Mr Mahajan will oversee coverage of SME, Mid Cap and Large Corporates, Financial Institutions, Government Business and Transaction Banking, Treasury and Markets and Investment Banking.

Mr Mahajan has over 23 years of experience in the banking industry across the spectrum of domestic and foreign banks in India. He started his career with Bank of America in 1990, where he last served as Managing Director and Country Treasurer responsible for all financial markets, balance sheet management and capital markets businesses. After 14 years with Bank of America, he joined the founding team of Yes Bank, serving as Group President of Financial Markets, Institutions and Investment Management. In 2008, Mr. Mahajan joined UBS to build their banking franchise in India when they got licensed by RBI to commence banking operations in India. He has a Master’s in Business Administration from Faculty of Management Studies and has B.E. (Hons) in Electrical and Electronics engineering from BITS Pilani and CFA from the CFA Institute, USA.

Mr. Mahajan has been heading the Financial Markets Group at IDFC.