DBS Bank has appointed Rajat Verma as its new CEO for DBS Bank India, starting March 1, 2025, succeeding Surojit Shome. In 2024, 26 startups in India initiated Esop buybacks, reflecting an upward trend compared to the previous year.
On December 31, 2024, it was announced that DBS Bank of Singapore has appointed Rajat Verma as the new CEO of DBS Bank India, effective March 1, 2025. Verma will take over the position from Surojit Shome, who will be retiring in February. Currently, Verma holds the role of head of institutional banking and will also become a member of DBS’s group management committee.
This development forms part of ongoing leadership transformations within corporate structures, particularly in the banking sector. The appointment of Rajat Verma reflects DBS Bank’s strategy to strengthen its presence in India amidst a dynamic economic environment. Furthermore, the rising trend of startups in India leveraging employee stock ownership plans (Esops) signifies growing opportunities in the financial market, with more companies opting for buybacks.
In conclusion, Rajat Verma’s appointment as CEO marks a significant change in leadership for DBS Bank India, following the retirement of Surojit Shome. His existing leadership role in institutional banking is set to bring continuity and expertise to the position. Additionally, the surge in Esop buybacks highlights emerging trends in the Indian startup ecosystem, showcasing a proactive approach to employee engagement and investment.
Original Source: www.livemint.com
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