Tuesday, 23 May 2017

Tata Sons appoints investment banking veteran as CFO

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Tata Sons, the holding company of the $100 billion Tata conglomerate, has appointed Saurabh Agarwal as the chief financial officer of the company.

Agarwal will be moving to Tata Sons from the diversified metals-to-telecom Aditya Birla Group where he served as head of strategy. Agarwal will join the company from July 2017, a Tata Sons said in a statement on Monday.

He has also had stints as head of corporate finance unit of Standard Chartered Bank in India and South Asia, and head of investment banking division at DSP Merrill Lynch.

"His expertise will help us in driving rigour and synergy in capital allocation decisions, investment management as well as consolidation and optimization of the group’s business portfolio," the company's chairman N Chandrasekaran said in the statement.

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