Indian-American Nandita Bakhshi was appointed as the President and Chief Executive Officer of Bank of the West, a unit of French banking giant BNP Paribas. Her appointment was announced by the bank on 16 March 2016.
She will take over the roles of President and CEO-designate effective from 1 April 2016 and will assume the role on 1 June 2016.
Bakhshi succeeded Michael Shepherd who will take on the role of Chairman of BNP Paribas USA, the new holding company for all BNP Paribas subsidiaries in the US. Shepherd will continue to serve as Chairman of BancWest Corporation and of Bank of the West.
Nandita Bakshi earned a bachelor's degree in History at the University of Calcutta and masters in International Relations and Affairs at Jadavpur University.
A New England News 'Woman of the Year' award recipient, Bakhshi also serves on the board of the Consumer Bankers Association. She previously held several leadership roles at different top Banks in US like
• Executive Vice President and Head of Consumer Banking at TD Bank in the US
• Executive Vice President and Head of North American Direct Channels
• Executive Vice President of Consumer Deposits and Payments at Washington Mutual in Seattle, now JP Morgan Chase
• She also held leadership positions at FleetBoston, now Bank of America, as well as at First Data Corp., where she was the managing director of their mobile payments division
About Bank of the West
Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with 75.7 billion dollar in assets as of 31 December 2015. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with 185000 employees.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
When: 16 March 2016