Ujjivan Small Finance Bank Limited announced that the appointment of Mr. Ayan Sarkar as Head of Operations with effect from July 01, 2024. Mr. Ayan has been appointed as the Head of Operations as the existing Head of Operations shall assume a different position as stated in Sr. 2 below. Mr. Rajaneesh Hosakoppa Rudresha, former Head of Operations shall assume the position CCO-Designate from July 01, 2024, and shall be appointed as the CCO with effect from August 01, 2024.

Mr. Brajesh Cherian, current CCO, shall assume the position CRO- Designate from August 01, 2024, and shall be appointed as the CRO with effect from September 12, 2024. Mr. Arunava Banerjee, current CRO shall retire on September 11, 2024. Mr. Ayan Sarkar possesses 20+ years of banking experience into Customer Service & Operations with Extensive cross-functional leadership experience across functions.

He successfully managed transition and was a founding team member in setting up Banking process and policies in multiple Banks. He has expertise in client engagement, process management & retail banking operations and ability to develop and implement process metrics pertaining operations, process audits, customer service delivery. Mr. Rajaneesh is a career banker with 27 years of experience in the Indian banking space.

He is experienced in the areas of operations, compliance, operational risk management, retail banking, process designing and re-engineering, customer service and business- embedded audits. He has been previously employed with India's premier private and foreign banks and has been holding a supervisory position for 24 years. Mr. Brajesh is a banking and financial services professional with over 20 years of experience in Compliance, Operational Risk, Corporate Banking, Retail Banking and Treasury.

Starting his career with the South Indian Bank, he later on worked with Axis Bank in India and UAE where he handled various roles including Deputy CEO for Dubai Operations. He holds a Bachelor's degree in Pharmacy from Dr. MGR Medical University and a Master's degree in Business Administration from SMU. He is a Certified Associate of Indian institute of Bankers.