On Wednesday, Yes Bank announced the appointment of Manish Jain as the Country Head for Wholesale Banking, effective immediately. This decision follows the resignation of Ravi Thota from his role as the Country Head for Large Corporates. The bank cited Mr. Thota's resignation as being driven by personal and other professional commitments and officially relieved him from his responsibilities as of the close of business hours on September 26, 2023, as stated in a regulatory filing.
Manish Jain is a seasoned banking expert with a career spanning three decades, of which he spent 23 years at Standard Chartered Bank. During his extensive career, he has held roles in various geographical regions across India, catering to a wide range of client segments, including large domestic corporations, strategic groups, middle-market enterprises, supply chain finance, transaction banking sales, multinational corporations, financial institutions, and small and medium-sized enterprises (SMEs).
Before joining Standard Chartered Bank, Manish Jain's professional journey included roles at Ernst & Young Consulting India, GE India, and Maruti Suzuki. His educational background includes a Master of Business Administration from IIM Bangalore and a Bachelor of Technology degree in Mechanical Engineering from IIT Delhi.
As the Country Head for Wholesale Banking, Manish Jain will assume the responsibility of leading Yes Bank's wholesale banking division, which encompasses a wide spectrum of areas. This includes large corporates, which covers investment banking, project finance, and loan syndication, as well as emerging local corporates, the transaction banking group, and institutional and government banking. The latter includes government banking, multinational corporate banking, IFSC banking unit, Indian financial institutions banking, corporate advisory, and government advisory services, as well as business economics banking.
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