| | JULY 20238IN FOCUSRajat Verma has been appointed managing director and head of institutional banking at DBS Bank India, the lender announced in a statement.Rajat will succeed Niraj Mittal as head of institutional banking. Rajat formerly worked for HSBC as the MD and country head of Commercial Banking, India. In Australia, Mittal will assume the position of country head for DBS Bank.With DBS Bank's greatly expanded footprint in India, Rajat will be in charge of expanding the institution banking franchise for the firm. Rajat's appointment, according to DBS Bank India, reinforces the organization's leadership team and commitment to expanding institutional banking.Commenting on Verma's new role, Surojit Shome, Managing Director and CEO of DBS Bank India said, "He (Rajat Verma) is a seasoned banker with a proven track record of delivering value to institutional clients across diverse sectors and markets. His appointment reinforces our commitment to growing our business in India."Rajat will lead the bank to expand its digitalization efforts and provide better value for its clients, he continued.One of the biggest international banks in India is DBS.With the appointment of Mittal, Singapore's largest bank is also attempting to increase the DBS franchise in Australia. Additionally, the former head of India's institutional banking will work to strengthen ties with South Asia and South-East Asia. Wolfgang Tatzer has been named CEO of Topcast, a market-leading distributor of airplane parts and an MRO (maintenance, repair, and overhaul) service provider.Wolfgang has more than 30 years of experience working for reputable aviation companies. He most recently served as President of Telair International, the premier provider of solutions for loading aeronautical freight. Prior to that, he worked for Satair for more than ten years, managing teams in charge of some of the company's largest product lines and supporting full-scale international distribution agreements for aircraft system OEMs.Wolfgang Tatzer said, "I am excited to be joining Topcast at a time of significant strategic momentum. The business managed well throughout what was, undoubtedly, a difficult period for the sector and is now well positioned for growth. I look forward to working closely with the team to continue to build Topcast into a world-class aircraft parts distributor and MRO services provider through market expansion and superior customer service."Alex Emery, a Non-Executive Director at Topcast, added: "In Wolfgang we have found a seasoned industry leader with decades of relevant experience who will help Topcast continue to serve as a reliable partner with strong product knowledge and local expertise. I look forward to working with Wolfgang and the rest of the team to take Topcast to the next level."I'd like to thank Joyce Lee for her leadership of the company over the past eight months, during which she served as interim CEO and Head of Commercial in addition to her role as CFO, and drove a number of significant initiatives."The hiring comes at a time when the company is seeing considerable growth as a result of a revival in air travel throughout Asia. . DBS BANK INDIA NAMES RAJAT VERMA AS MANAGING DIRECTORHONG KONG FIRM TOPCAST NAMES WOLFGANG TATZER AS CEO
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