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Centrum engages Sanjiv Bhasin

96DBS Bank’s former India head, Sanjiv Bhasin, is joining Centrum Capital as managing director and chief executive. The Centrum group, promoted by Chandir Gidwani, has offered a significant minority stake to Bhasin in the holding company, in tune with its practice of offering equity stake to ignite entrepreneurial mindset among employees. The appointment signals promoters’ desire to step out of day-to-day operations and leverage the new-age experience of a multinational banker and boost valuations and growth. Bhasin’s move reinforces the trend of top foreign bankers captaining domestic financial players to build institutions based on their varied learnings on product, processes and people.

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