Germany-based lender Deutsche Bank has named Kaushik Shaparia as the new Chief Executive Officer (CEO) for India operations. Shaparia will be succeeding Ravneet Gill, who left the bank to head private lender YES Bank earlier this year.
At Deutsche Bank, Shaparia’s appointment will be effective from May 2019, as suggested by the industry sources. The announcement is confirmed by one of the representatives from the bank.
Prior to this, Shaparia was appointment as the Asia Pacific Head of Corporate Banking Coverage within Institutional and Treasury Coverage. He was also the Global Head of Subsidiary Coverage.
He holds over 30-year experience in the banking industry. He now took over the position from Khurshed Dordi, as Chief Operating Officer for India, who was serving as Deutsche Bank’s interim Chief Country Officer after Gill’s exit.