Corner Room

Written by fe Bureau | Updated: Jul 30 2010, 05:35am hrs
Cholamandalam Fin gets chairman, MD

The board of directors of Cholamandalam Investment and Finance Company Ltd (CIFCL) has appointed MBN Rao and Vellayan Subbiah to the board. M B N Rao, former chairman and managing director of Canara Bank and Indian Bank, has been appointed additional director. He also succeeds M A Alagappan as chairman of CIFCL. Subbiah has been appointed managing director of the company and is slated to join in the third week of August.

Desai is branch head at Grey Delhi

Ketan Desai has been appointed associate VP and branch head of Grey Delhi. Ketan began his career with the then Trikaya Grey in Kolkata 11 years ago. He has worked in several Grey offices in the region and across many verticals like automobiles, media, FMCG, hospitality and tobacco. Most recently, Ketan has been focusing on developing Greys unique HoReCa offering. Ketan will report directly to Jishnu Sen, COO of Grey India.

Dave joins Magma Design board

Magma Design Automation, a provider of chip design software, has appointed Dave Sugishita to its board of directors. Sugishita, a veteran in the semiconductor and electronics design automation industries, is currently chairman of the board at Atmel Corporation. His was earlier in various senior financial management positions in various companues, including as chief financial officer at EDA supplier Synopsys.

Avendus Capital appoints Mitra as ED

Mumbai-based investment bank Avendus Capital has appointed George Mitra as executive director for its wealth management business. Mitra was earlier with Deutsche Bank's wealth management unit, and was also heading the Delhi office.

Marwaha is head at Daiwa Capital

Daiwa Capital Markets has appointed former Nomura executive director Ajay Marwaha as head of its fixed income in India. Marwaha was responsible for Ficci product trading at Nomura and was involved in the launch of primary dealer business lines at Lehman Brothers and Citi Group. Gul Mukhey, who heads Principal Investments and Private Equity for HSBC (India), has quit after a two-and-a-half-year stint at HSBC.

Info Edge elevates Oberoi as MD & CEO

Info Edges board has elevated the firms COO Hitesh Oberoi to the role of managing director and CEO, replacing founder Sanjeev Bikhchandani. Bikhchandani, who owns 43% stake in the firm, will remain in the company transitioning to the role of founder and executive vice-chairman. He will focus primarily on strategic matters, investments and acquisitions while the new CEO will oversee the current businesses of the company. Ambarish Raghuvanshi, the current CFO, will transition to the role of Group president finance and CFO.