ICICI Bank appointed its brokerage business head Anup Bagchi as executive director of the bank and head of retail banking, replacing Rajiv Sabharwal.
Shilpa Kumar will replace Bagchi as MD and CEO of ICICI Securities.
Shilpa will be succeeded by B Prasanna as Group Executive and Head of Markets and Proprietary Trading at ICICI Bank.
The board also took on record the resignation of Sabharwal as executive director consequent to his decision to pursue opportunities outside the ICICI group, effective January 31, 2017.