Canindia News

Punit Sood to head Scottish bank’s India arm

Bengaluru, Jan 20 (IANS) Financial expert Punit Sood will head the Royal Bank of Scotland’s (RBS) technology and operations hub in India’s tech city to build its strategic capabilities for achieving the bank’s goals, worldwide, said an official on Monday.

“Punit understands the vital contribution that India makes to the bank and, as we enter a new phase of innovation and transformation, Punit is very well positioned to transform our capabilities in the region for a greater strategic impact,” RBS chief administrative officer Simon McNamara said in a statement on the appointment.

As the head of technology for RBS in India earlier, Sood shaped the bank’s technology business to operate as a centre of excellence.

Sood said RBS India has made excellent progress in India in the recent years, emerging to become a more integral part of the bank by becoming an employer of choice in the region.

“Look forward to working with our exceptional talent pool to build greater value for our customers, colleagues, and communities,a said Sood.

A veteran industry executive with three decades of experience, Sood earlier worked with JP Morgan, Citibank, Mphasis and GE Capital Services.

Headquartered in Edinburgh, financial services major RBS operates by its namesake and NatWest subsidiaries, including Ulster Bank and Coutts.

–IANS

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