Country’s third largest private sector lender axis Bank announced on Wednesday that it would be high Rajeev Anand as Deputy Managing Director. Anand, currently Executive Director in charge of Wholesale Banking, has been with axis group for 12 years.

According to a statement, the board of directors of the bank has approved the appointment and will have to be confirmed by the Reserve Bank and the lender’s shareholders.

In his new role, Anand will continue to lead the wholesale banking side and work closely with the Board to strengthen the control and governance aspects.

“Rajeev has been instrumental in driving various key initiatives and has worked hand in hand with me to make the Bank a more robust, growth centric organization as we drive transformation under our GPS (Growth, Profitability and Sustainability) strategy ” Chief Executive and Managing Director of the Bank Amitabh Choudhary said.