Commenting on his appointment, Salee said: “I am honored to take on this role at such a pivotal time for Tamilnad Mercantile Bank. I look forward to working closely with the Board, the management team, and all employees to build on the strong foundation laid by my predecessors and to drive the bank’s strategic priorities forward.”

With over 35 years of experience in the banking and financial services industry, Mr.Salee brings a wealth of knowledge and a proven track record of success to TMB. Before this appointment, he served as Deputy Managing Director & Chief Credit Officer at the State Bank of India.

Salee is a postgraduate in Applied Electronics, started his banking career in the year 1987 when he joined India’s largest Public sector Bank, the State Bank of India as a Probationary Officer.

During the last 35 years, Mr.Salee has handled various assignments, mostly in the Corporate A/c Group, handling large Corporations including the disparate groups of Reliance (Mukesh Group) and Essar Group. He also had two assignments in the International Banking group of SBI, first in New York, USA, and later heading the Australian Operations basin at Sydney. He has also had a retail stint managing the branches of Rajasthan & Western Uttar Pradesh for the bank and was involved in the merging of State Bank of Bikaner & Jaipur with SBI.

Salee has extensive experience in managing stressed assets, He took over as Chief General Manager in the Stressed Asset Vertical of the Bank in July 2017, where he was engaged in resolving NPA through the restructuring / IBC /Compromise/ ARC Sale route.

In April 2020 Mr.Salee took over as the Stressed Assets Resolution Group as Deputy Managing Director, a position he held until September 2021. Subsequently, he took over as Deputy Managing Director in charge of SME, Agriculture, and Financial Inclusion vertical from September’21 to July’22.

His last assignment was as DMD and Chief Credit Officer of SBI, till May’24, and was responsible for managing the credit portfolio.

The post Tamilnad Mercantile Bank Appoints Salee S. Nair as MD & CEO appeared first on NRI News.

NEW DELHI: Ecom Express Limited, a leading end-to-end technology-enabled logistics solutions provider to the eCommerce industry backed by marquee private equity investors Partners Group, Warburg Pincus, and British International Investment, today announced that Mr. Ajay Chitkara will join as the new Managing Director and Chief Executive Officer of the Company. 

Ajay currently serves as Director & CEO of Bharti Airtel’s enterprise arm, Airtel Business, and will assume responsibilities at Ecom Express from 1st September 2023. He will report to the Board of Directors of the Company.

Ajay is a senior business leader with over two decades of proven track record. He has led and delivered significant portfolio and organization change at Airtel Business transforming it into India’s largest enterprise technology company. He also serves on the boards of Nxtra by Airtel, Hughes Communication, and Network i2i. Ajay began his career in sales at Comsat Max Limited before joining Airtel in 2001.

Announcing the appointment, Chairperson at Ecom Express, V. Anantharaman said; “We look forward to welcoming Ajay as our new CEO. Ajay comes with extensive enterprise experience from Airtel where he has demonstrated exceptional leadership and strategic capabilities. The Board wishes him well and looks forward to Ajay scaling Ecom Express further and delivering long-term value for all its stakeholders.” 

Ecom Express co-founders T. A. Krishnan, Manju Dhawan, and K. Satyanarayana added; “We are excited to welcome Ajay to Ecom Express and look forward to working with him as he leads the business to the next levels. Ajay has tremendous experience and a proven track record in scaling enterprise business and we look forward to his participation and contributions as the company scales to serve the growing needs of Indian e-commerce and beyond.”

Ajay said: “I am excited to become a part of the Ecom Express family. It is a great moment to be a part of this business and to be working with its customers, the world-class team, the board, and investors, with a common goal of creating India’s most trusted and respected logistics solutions provider for the e-commerce industry. I look forward to building further on the strong foundation of Ecom Express established over a decade, to achieve new milestones, and deliver customer delight.”

The post Ajay Chitkara to join Ecom Express as MD & CEO appeared first on NRI News.