Rajiv Sabharwal will be the new ED of ICICI

Rajiv SabharwalMr. Rajiv Sabharwal will replace Mr. Sonjoy Chatterjee. ICICI Bank has announced that it has appointed Mr. Rajiv Sabharwal as its new executive director. He will be responsible for the Bank's retail banking operations. Mr. Sonjoy Chatterjee was the Executive Director of ICICI Bank.

He is going to soon join the US-based investment bank Goldman Sachs in India. Chatterjee will be joining as Managing Director and Co-Chief Executive officer (CEO) at Goldman Sachs for India along with Brooks Entwistle. Entwistle has been in Indian operations of the US firm since 2006. So far as the Indian Bank, ICICI is concerned it has appointed Tushaar Shah as a non-executive director. He will take charge from 3rd of May.

Mr. Sabharwal was working for Sequoia Capital and then he had taken a move to ICICI Bank in the later half of 2008. Currently he has been designated as senior general manager and heads the retail asset business of the bank. Mr. Chatterjee is also one of the senior corporate bankers in the Indian retail bank industry.