Financial services firm Infrastructure Development Finance Company Ltd (IDFC) has named Pavan Pal Kaushal as chief risk officer of the company with effect from July 1, 2014, it said in a release. He will be based out of IDFC’s corporate office in Mumbai.
Kaushal, who joined from auditing and consulting giant EY (earlier Ernst & Young), has over three decades of experience in the BFSI and consulting sectors, covering the entire gamut of risk function, in both domestic and global roles.
“Kaushal has managed large teams across geographies from diversified work cultures and has been instrumental in setting up risk and credit policy functions in the banks he has worked for. His rich and varied experience would surely be a great value-add to IDFC, in building the organisation that we aspire to,” said Rajiv Lall, executive chairman of IDFC.
At EY, he was responsible for leading the financial services risk practice, covering credit risk, operational risk, market risk, corporate & treasury risk management and quantitative advisory services.
Prior to this, Kaushal was working with ANZ as head of commercial credit risk for the Asia Pacific region, followed by handling the role of the chief risk officer for India business. He has also held critical leadership roles in Citibank across multiple markets through his career.
Kaushal holds a master’s degree in finance from Jamnalal Bajaj Institute of Management Studies, Mumbai and an ACA from the Indian Institute of Chartered Accountants.
Early this year IDFC appointed Avtar Monga as COO.
Starting as an infrastructure finance company, IDFC has diversified over the years and has presence across various financial services segments, including mutual fund, private equity advisory and broking. It has recently bagged the licence to start a retail bank.
(Edited by Joby Puthuparampil Johnson)