The composition of Board of Directors
Mr. Arun Tiwari has over 38 years of professional experience in banking and financial market operations. He holds post-graduate degree in chemistry and a certificate in computer programming. He has served as the Chairman and Managing Director (CMD) of Union Bank of India, a premier Public Sector Bank from Dec 2013 to June 2017. He has also served as an Executive Director of Allahabad Bank. Prior to that, he has spent 33 years in diverse functions and roles at Bank of Baroda and left Bank of Baroda as a General Manager (GM). Mr. Tiwari as the Corporate GM (Wholesale Banking) at Bank of Baroda was responsible for the entire wholesale portfolio (including infrastructure) of the Bank.
Mr. Vijay Maniar is a fellow member of the Institute of Chartered Accountants (ICAI) and carries 35 years of extensive experience. Presently, Mr. Maniar acts as an Independent Director and Member of Audit Committee of FDC Limited and is associated as an Advisor and Mentor to ASA & Associates. Prior to this, he was associated with S. R. Batliboi & Co. LLP for 22 years. Mr. Maniar has extensive experience of managing statutory audits of listed and unlisted corporates across a multitude of sectors including Finance, Retail, Pharmaceuticals, Chemicals, Packaging, Hospitality, Other Manufacturing and Real Estate companies. He was a special invitee on the Accounting Standards Board of ICAI for two years and has been a Member of the Accounting and Auditing Committee of the Bombay Chartered Accountants Society for more than 15 years. During his initial professional years, he was associated with Maniar & Maniar / Chandrakant Mehta & Associates for setting up their professional practice.
Ms. Lata Pillai carries 34 years of extensive experience with ICICI Bank, Deutsche Bank, Edelweiss group, Yes Bank Limited and JLL Limited. Ms. Pillai holds a Bachelors degree in Science (B.Sc (Microbiology)) and a Masters degree in Management Studies from Mumbai University. Presently, Ms. Pillai acts as a Head of the India Capital Markets team of JLL Limited.
Prior to this, she was associated with Yes Bank Limited as Head of the Corporate Finance - Urban Infrastructure vertical looking at real estate, hospitality, education and healthcare business from April 2019 to May 2021. From April 2018 to March 2019, she was associated with Edelweiss group as Head of the real estate financing business. Since the NBFC crisis in August 2018, she was actively involved in resolutions of troubled assets within the portfolio. From January 2007 to March 2018, she was associated with Deutsche Bank AG as Head of the Commercial Real Estate group. As part of the role, she looked at opportunistic investments within the capital chain i.e. pure equity, mezzanine facilities, structured debt, onshore and offshore lending. Post the Global Financial Crisis (GFC), she moved to a coverage role looking at originating structured finance transactions in the real estate, infrastructure, asset financing and promoter financing areas.
From August 1988 to December 2006, she was associated with ICICI Limited/ ICICI Bank Limited in the project financing team. From 1993 to 2000, she handled the project financing transactions amongst other assignments and also had a stint in the stressed asset management team. From 2001 to 2006, she was responsible for setting up and managing the real estate financing team.
Mr. Partha Dey has more than two decades of professional experience. He currently holds multiple responsibilities at ICICI Bank, as Head - Portfolio Management & Structured Finance Group, Syndication Group and Strategic Solutions Group. Over the last few years, he led the stressed assets resolution/ workout activities and implemented a diverse array of resolution entailing both recapitalizations and business restructurings.
Prior to this, Mr. Dey was with ICICI Venture, the private equity arm of ICICI Bank. Before moving to ICICI Venture, Mr. Dey looked after the Project Finance business at ICICI Bank and was actively associated with evolution of infrastructure financing in India spanning all its sub-sectors over more than a decade. He also has experience in consulting with focus on operational turnaround and business strategy.
Mr. Lalit Tyagi, having started his career as Probationary Officer in Bank of Baroda in 1996, has over 26 years of rich experience in various spectrum of commercial banking, particularly in Corporate Finance, Risk Management, International Banking and Administrative Roles. He has been an operational banker having vast experience of working in different branches / offices in India and abroad, including two stints in Bank’s overseas operations; viz. Brussels, Belgium and New York, USA.
He has successful experience of leading Bank’s important units such as Regional Head of Bangalore Region, General Manager & Branch Head of Bank’s largest Corporate Financial Services Branch, Mumbai and Chief General Manager (Chief Executive) of Bank’s largest overseas territory US Operations, New York.
Prior to his appointment as Executive Director of Bank of Baroda on November 21, 2022, he was the Chief Executive of Bank’s US Operations, New York. He has also served as Director in Canbank Computer Services Ltd. (CCSL – a wholly owned subsidiary of Canara Bank) in the past. Currently, he is serving as Non-Executive Chairman of Bank of Baroda (Guyana) Inc. and Nominee Director in BOB Capital Markets Ltd.
Mr. Tyagi is known for his leadership and motivational skills.
He has Post Graduate Diploma in Banking & Finance (PGDBF) from National Institute of Bank Management (NIBM), Pune and is also a Certified Associate of Indian Institute of Bankers. He has been identified as one of Public Sector Bankers by Bank’s Board Bureau (now known as Financial Services Institutions Bureau) for future leadership roles.
Ms. Nina Nagpal has held various leadership positions in the Financial Services/Securities Markets in India and carries breadth and depth of experience across NBFC, Market Infrastructure Institutions and Investment Banking. She is currently the Managing Director of Citicorp Finance (India) Limited - a Citigroup company which is a ND-SI NBFC. Citicorp Finance (India) Limited portfolio includes both retail and wholesale assets. During 2010-13, she was the Managing Director of Morgan Stanley Capital Pvt. Ltd - a RBI licensed NBFC. She was on the Board of this company and several other Morgan Stanley companies in India. She has been an advisor to the United States Agency for International Development (USAID) in the area of Securities Market and Financial Service sector. She has also been on the Board of the Services Company of Citigroup in India. She has been active on Industry bodies and professional associations.
Mr. Suvek Nambiar is the Managing Director and CEO of India Infradebt Limited (Infradebt), the first Infrastructure Debt Fund (IDF) NBFC to commence operations in India. Infradebt has been set-up by ICICI Bank Limited, Bank of Baroda, Citicorp Finance (India) Limited and Life Insurance Corporation of India.
Mr. Suvek has over 26 years of experience across various leadership roles in Infradebt, ICICI Bank Limited and ICICI Limited. He started his career with the project finance group at ICICI Limited and was extensively involved in the structuring and financing of the first private sector projects in infrastructure in India. After leading the structuring and financing of infrastructure projects for about nine years, he was one of the key resources who led the initiative to start the international business of ICICI Bank, heading the Singapore branch for over four years. Subsequently Mr. Suvek was the MD & CEO of ICICI Bank UK PLC for over four years and returned to Mumbai in mid-2012 as a Senior General Manager with ICICI Bank Limited leading the efforts to set up the first IDF NBFC. He has a bachelor’s degree in electronics and communication engineering, and a post graduate qualification by way of PGDM from the Indian Institute of Management, Bangalore, India.