Murali Ramakrishnan, former MD & CEO of South Indian Bank, has joined management consulting firm Bain & Company as an external advisor. He will work with the internal team at Bain to support the financial services practice, Ramakrishnan told Moneycontrol on March 27.
“This will be a part-time role. I will work with the Bain internal team to support their financial services practice, whenever there is a need for them to involve me,” said Ramakrishnan. Bain is a global consulting firm that advises companies on strategy, marketing, organisation, operations, IT and M&A across all industries. Ramakrishnan joined Bain in the month of February.
Ramakrishnan has also taken up a part-time role at rating agency CARE Edge as a member of the external rating supervisory committee for a period of two years starting March 1, 2024.
Ramakrishnan’s tenure at South Indian Bank ended in September 2023 after he opted not to be re-appointed citing personal reasons. Ramakrishnan was appointed as the MD and CEO of the bank on October 1, 2020. In an earlier interview with Moneycontrol, Ramakrishnan said that since his appointment as the bank’s MD&CEO, he was working to morph South Indian Bank into a pan-India bank.
Post his exit from the bank, Ramakrishnan had denied market speculations that his decision not to seek re-appointment is due to differences with a section of the members in the bank’s Board.
“The Board is fully behind me and has backed my strategies to grow the bank to make it a pan India organisation during this period. I could do what I wanted to do in terms of bank’s expansion strategies with the backing of the Board,” said Ramakrishnan in an exclusive conversation with Moneycontrol on March 29. “There are absolutely no differences with me and the Board. There is hundred percent no truth in it, I can tell you,” Ramakrishnan had said.
Before joining South Indian Bank, Ramakrishnan had worked with ICICI Bank as Senior General Manager at Strategic Project Group. During his tenure at ICICI Bank, Ramakrishnan, in the final days with the lender, was heading a business transformation project of small and medium-sized enterprises (SME).
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