India’s leading private sector lender HDFC Bank has appointed Srinivasan Vaidyanathan as the Chief Financial Officer. He was heading the position of Group Head (Finance) in the bank earlier.
Vaidyanathan will take over Sashidhar Jagdishan.
HDFC Bank said in a stock exchange filing that, “The incumbent CFO of the Bank, Sashidhar Jagdishan would continue to head the Finance function, and shoulder additional responsibilities as in charge of the verticals of Legal & Secretarial, Human Resources, Corporate Communications, Infrastructure, Administration, Corporate Social Responsibility and ‘Change Agent of the Bank.”
The bank said in its statement that Vaidyanathan would continue to report to Jagdhishan. Both would be ‘Key Managerial Personnel’ of HDFC Bank as per Companies Act, 2013 and the Regulations, it further added.
The bank has mentioned that Vaidyanathan is a Fellow of the Institute of Chartered Accountants of India, Cost and Management Accountants of India and Licentiate of the Institute of Company Secretaries of India. He is also a Fellow of Association of International Accountants, United Kingdom and member of CMA, USA. He also holds an MBA degree.
Vaidyanathan has worked across various geographies such as Singapore, Hong Kong and the US and industry segments covering banks, with a rich and varied experience of three decades covering business partnerships, controllership, cost management, tax and treasury management.