Indian-American, Nandita Bakshi, 57, has been appointed the President and Chief Executive Officer (CEO) of Bank of the West, a unit of French banking giant BNP Paribas.
Ms. Bakshi will replace Michael Shepherd as Bank of the West's next President and is expected to join the bank as a CEO-in-training on April 1 and will take the helm officially on June 1, 2016.
A New England News ‘Woman of the Year’ award recipient Bakhshi also serves on the board of the Consumer Bankers Association. Ms. Bakhshi previously held several leadership roles at different top Banks in the US including several leadership roles at TD Bank, the most recent being executive vice president and head of North American direct channels. She has earned a bachelor’s degree in History at the University of Calcutta and masters in International Relations and Affairs at the Jadavpur University.
Expressing happiness at the appointment, Ms. Bakhshi said, "I am excited to join Bank of the West, one of America's most reputable banks. Bank of the West is well positioned in the US market, and I am thrilled at the prospect of leading an organisation with such a strong focus on customer service".
Bank of the West's parent company BNP Paribas is revamping its US operations to meet new regulations. It is a regional financial services company chartered in California and headquartered in San Francisco with $75.7 billion in assets as of December 31, 2015.