Shri Ashok Motwani appointed MD & CEO of Stock Holding Corporation of India Ltd

Company Brief

Mumbai, May 2, 2011

Shri Ashok Motwani, Chief General Manager (IDBI Bank Ltd.,) has been appointed as Managing Director & CEO of the Stock Holding Corporation of India Ltd (SHCIL) w.e.f., May 2, 2011 in place of Shri R C Razdan who demitted office of MD & CEO of SHCIL on superannuation.

Shri Motwani is a finance professional having worked with leading institutions such as IDBI Bank, ARCIL and SIDBI. He has over 29 years of experience in diverse areas such as investment and corporate banking, project advisory, structured finance, debt syndication, trusteeship activities, NPA resolution, etc. His experience also includes a four years stint as Managing Director & CEO of IDBI Trusteeship Services Limited. Shri Motwani's last assignment as Chief General Manager – IDBI Bank Limited, was being in-charge of Large Corporate Groups handling an asset portfolio of over Rs.44, 000 crores.

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