By 27 August, 2009

Anil Gudibande has been appointed to head the corporate financing and risk solutions (CFRS) division of Royal Bank of Scotland (RBS) in India, reports FinanceAsia. Gudibande joined AIG Investments in mid-2008 as part of its private equity team. Before AIG, Gudibande was part of Citi India.

The main areas of responsibility for Guibande would be to develop the bank's CFRS business and to compliment and enhance some of its key relationships in the global banking and markets business. Guibande will be placed directly under the RBS country head for global banking and markets in India, Madan Menon and Sanjeev Kumar, who heads the CFRS division in the Asia-Pacific region.

This appointment comes even as RBS is in talks with UK bank Standard Chartered Plc to sell commercial and retail businesses in China and India.

RBS faced bankruptcy due to the economic melt down after it recorded the highest ever loss by any British company amounting to £24.1billion in 2008, before the British-government agreed to pump in £25.5 billion capital to save the ailing bank. RBS has reported a net loss of £1.04 billion in the first half this year.

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