People who know about the situation say that Neelkanth Mishra, who was co-head of Asia Pacific strategy at Credit Suisse Group AG, has quit the company and will join Mumbai-based Axis Bank Ltd. The action is part of Axis Bank CEO Amitabh Chaudhry’s plans to strengthen a number of businesses, including wealth management and investment banking. According to the people, who asked to remain anonymous because the information is private, Mishra, a veteran of 20 years at Credit Suisse, has agreed to head the research department at Axis Bank.
Also Read: One Impression Raises $10 Million in Series A Funding Led by Krafton
As part of its plan to become a major player in the investment banking and wealth management industries, the bank wants to build up its research team. Mishra’s hiring is part of that strategy. Plans by the CEO of Axis Bank to Support Several Businesses Amitabh Chaudhry. The CEO of Axis Bank, plans to strengthen a number of businesses, including wealth management and investment banking. Through the hiring of Mishra. Earlier this month, Chaudhry finished buying Citigroup Inc.’s India retail banking division for $1.4 billion. The bank hopes to improve its standing in the financial services sector with the hiring of Mishra.
A spokesperson for Axis Bank wouldn’t say anything about Mishra’s job. Credit Suisse didn’t answer calls or emails asking for comments on Mishra’s resignation. Mishra himself didn’t respond to an email and text messages seeking comments. According to the website of Credit Suisse. Mishra is a member of the Economic Advisory Council to the Prime Minister of India. He has provided advice to a number of governmental committees, including the Fifteenth Finance Commission and the India Semiconductor Mission. Additionally, he has given business advice and spent the last few years participating in the Confederation of Indian Industry’s Economic Affairs Council.
Mishra enters his new position with a wealth of expertise and experience. Thanks to his gold medal in computer science and engineering from the Indian Institute of Technology (IIT), Kanpur. The move of Neelkanth Mishra from Credit Suisse to Axis Bank and his subsequent resignation. Highlight the bank’s strategy to fortify its position in the financial services sector. The company’s goal is to become the leading provider of e-commerce solutions for the financial services industry.
