Ittira Davis made Ujjivan Small Finance MD, CEO

Mumbai, Jan 13 (UNI) Ujjivan Small Finance Bank on Thursday said it has received RBI's approval for the appointment of Ittira Davis as its new Managing Director and CEO for a period of one year.

In a regulatory filing, the bank said it has received "RBI approval for the appointment of Ittira Davis as its Managing Director & CEO for a period of one year."

Davis, a senior banker with over 40 years of rich experience, has been associated with Ujjivan since March, 2015. He has worked extensively in India, Middle East and Europe, the bank said.

Davis' first pivotal assignment, as the Head of Transition, was to oversee successful transformation of a micro-finance institution into a small finance bank, which included accessing the capital markets with two successful IPOs.

Prior to Ujjivan, Davis was the Managing Director with the Europe Arab Bank, London. He has also held leadership positions with Arab Bank Plc, Bahrain and Citibank, India.

Commenting on the appointment, Ujjivan Small Finance Bank Chairman BA Prabhakar said, "I am happy with Davis coming to head Ujjivan Small Finance Bank in its transformational journey. His extensive global banking experience and familiarity with Ujjivan will enable him to successfully lead the bank."