SBI Capital Market Ropes In Rajay Kumar Sinha As MD & CEO

SBI Capital Markets (SBICAPS), on Tuesday, said that it has appointed Rajay Kumar Sinha as the Managing Director & Chief Executive Officer at the wholly owned subsidiary and investment banking arm of State Bank of India (SBI), effective July 14.

Sinha replaces Amitava Chatterjee who moves to SBI, Corporate Centre as Deputy Managing Director, in charge of Commercial Clients Group.

Prior to this, he was in charge of Treasury operations of SBI, managing the investment portfolio, money market, equity, private equity & forex operations of the Bank.

Sinha brings in global markets expertise that will further help strengthen SBICAPS’ investment banking business in India and overseas.

Sinha said, "As a team we would aim to further strengthen SBICAPS' position both in India and overseas. I am committed to driving innovation, fostering strategic partnerships, and delivering exceptional value to our clients. Together with the talented team at SBICAPS, I look forward to seizing new opportunities and achieving greater heights in the dynamic world of investment banking."

Sinha had joined SBI as Probationary Officer in 1991 and has worked in banking verticals like Treasury, International Banking and Retail Banking.