By 01 November, 2011

UK-based Hinduja Group-promoted IndusInd Bank has appointed Arun Khurana as its new head of global markets group.  He succeeds Moses Harding who was leading global market group till now and will take a new assignment as head of ALCO and economic & market research reporting directly to IndusInd Bank chief executive Romesh Sobti.

Khurana joins from Royal Bank of Scotland (RBS), Singapore where he was regional head corporate solutions for the Asia-Pacific and has also worked with RBS, India. He will also report to Sobti in his new assignment.

His track record of playing an advisory role to several European and American corporate will help the bank to expand its presence in the international market, IndusInd chief Sobti said.

The bank has also hired Rajeev Mahrotri as head of trading. Before moving to IndusInd, he has served in senior roles at BNP Paribas.

Meanwhile, IndusInd has also planned to make other senior level hires within the global market function specially to boost the treasury business.

Established in 1994, IndusInd Bank had 350 branches and 666 ATMs in across country’s 247 geographic locations till September 30, 2011. Earlier this year, the bank had bought Deutsche Bank's India credit card business.

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