BWI: Shantanu Mitra takes over as CEO of Fullerton India

Press release from Business Wire India
Source: Fullerton India
Monday, August 01, 2011 02:40 PM IST (09:10 AM GMT)
Editors: General: People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst
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Shantanu Mitra takes over as CEO of Fullerton India


Mumbai, Maharashtra and New Delhi, Delhi, India, Monday, August 01, 2011 -- (Business Wire India) -- Shantanu Mitra who was Deputy CEO overseeing risk management and the urban business at Fullerton India takes over as CEO of the company on August 1, 2011.

Shantanu joined the parent company Fullerton Financial Holdings, Singapore in early 2010 as Head of Consumer Risk Management for consumer markets across all operational entities in various countries including India. He later also started heading the Urban Markets Business at Fullerton India. Following the end of the term of the earlier CEO Ruben Mora - Shantanu Mitra has been elevated to the position of CEO and President of Fullerton India.

Shantanu has more than 30 years of experience in financial services, with about 20 years at Standard Chartered and Citibank where he had stints in India, Singapore and Thailand. Prior to joining Fullerton, he was Senior Regional Risk Officer, India, Middle East & Africa at Standard Chartered Bank, based in Mumbai. Shantanu began his career at Arthur Young & Co and later Moore Stephens & Co, both chartered accounting firms located in London.

On taking over his new role Shantanu Mitra said - "Fullerton India has entered into a phase of steady growth and I am excited to be heading the organization in its journey of growth. New products and variants of existing products have been designed for new customer segments keeping our risk reward criteria in mind. New initiatives such as rural financial services, capital market financing, mortgage finance and SME funding have been launched recently that will add greatly to our product offering in the market."

Fullerton India has a widespread presence in over 325 urban and rural markets through its own branch network. It has over a million customers and nearly 6000 employees. It offers a wide range of financial services to customers in the urban and rural mass market segment from personal loans to business loans, two-wheeler and commercial vehicle loans and loans to micro-enterprises in the rural areas to financing SME's for growth.

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Shantanu Mitra
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KEYWORDS
PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst

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