IDFC names Sunil Kakar as Group CFO

The appointment will be effective immediately, a company release said here. Kakar brings with him over 25 years of experience encompassing various financial roles and a career that kick- started with Bank of America.

Prior to joining IDFC, Kakar dedicated 10 years to Max New York Life Insurance Company as CFO, India. Inducted on the management committee of IDFC Group, Kakar, as the Group CFO, will be responsible for finance & accounts, business planning and budgeting, investor relations, resource-raising and IT, the release said.

The company's Managing Director & CEO, Rajiv Lall, said, "Sunil Kakar, undoubtedly, will ensure financial direction, oversight and control to IDFC and its Group companies."