New Delhi [India], Nov 8 : State-owned banking and financial services company Bank of Baroda today announced the appointment of Ratnesh Kumar as the new Managing Director and CEO of BOB Capital Markets Ltd., its 100 percent owned investment banking subsidiary.

Ratnesh Kumar, who started his career in the Indian capital markets and financial services sector in 1993 holds a Masters degree in Management from FMS, University of Delhi and M.Sc. (Hons) in Physics and B.E. (Hons) in Electrical and Electronics Engineering from BITS, Pilani.

He has also served as the Managing Director, Head- Cash Equities India and CEO of Standard Chartered Securities India wherein the main business segments included institutional brokerage, equity capital markets, equity research and retail broking.

"We are delighted to have Ratnesh Kumar join our team. Under his leadership, we look forward to scaling up the business of BOB Capital Markets and further leveraging its synergies with Bank of Baroda," said Managing Director and CEO Bank of Baroda, P S Jayakumar.

"I am excited to join BOB Capital Markets and be part of the Bank of Baroda group, which occupies a premier position in Indian banking industry and has a very valuable customer base and deep network. I eagerly look forward to partnering with all the stakeholders in this journey as we strive to be the preferred partner for all our clients," said Ratnesh on his appointment. (ANI)