From the 1st April, 2014 the private sector bank ING Vysya will be working under new CEO. Bank has appointed Uday Sareen as Deputy CEO, Head of Wholesale Banking and Strategy . Mr. Sareen will be controlling the Bangalore-based branch, all the responsibilities of wholesale banking, financial market services are to be taken care by him. He will also guide the banking planning and schedule across the branch
. It has been reported that this initiative of the bank to appoint the new CEO is primarily to focus on servicing large Indian corporates and multinational companies by leveraging ING’s global expertise and network. Mr. sareen has already worked with ING bank in july 2007 and played an essential role in development of the bank. He transformed the south- based bank to strong retail franchise.