RBS India appoints Punit Sood as head of India ops

RBS India, the technology and operations hub of  the Edinburgh, UK-based banking and financial services company RBS (Royal Bank of Scotland), has appointed Punit Sood to head its India operations.

In his new role, Sood will be responsible for building the organisation’s strategic capabilities and supporting the bank to achieve its goals, RBS India said in a statement.

Sood has over three decades of experience and is recognised for his transformation and enterprise leadership in the global financial services industry.

“Punit understands the vital contribution that India makes to the bank, and as we enter a new phase of innovation and transformation, Punit is well-positioned to transform our capabilities in the region for a greater strategic impact,” Simon McNamara, chief administrative officer, RBS, said.

He has served as the chief information officer at JPMorgan and worked with Citibank, Mphasis, and GE Capital Services too, the statement said.

Sood said that “it is encouraging to see the progress RBS India has made over the years. It has evolved to become a more integral to the bank and has firmly established itself as an employer of choice in the region. I am extremely pleased to take up the mantle and look forward to working with our exceptional talent pool to build greater value for our customers, colleagues and communities”.

Founded in 1727, RBS provides products and services to personal, commercial and large corporations as well as institutional customers through its two main subsidiaries, The Royal Bank of Scotland and NatWest, as well as through other brands, including Ulster Bank and Coutts.