Brands
Nitesh Kanchan named CEO of Arrow
MUMBAI: Arvind Fashions has appointed Nitesh Kanchan as chief executive of Arrow, its heritage menswear brand known for formalwear and modern work-life dressing. The move, effective immediately, marks a renewed push to expand Arrow’s presence across product, digital and omni-channel retail.
Arvind Fashions MD and chief executive Amisha Jain, said Kanchan brings “a dynamic and future-ready” approach, citing his mix of technical expertise, commercial acumen and digital capability. She said his leadership would help accelerate Arrow’s growth through innovation, channel expansion and consumer-led strategies.
Kanchan has more than two decades of experience across fashion, beauty, personal care and retail. At Arvind Fashions, he served as chief digital officer, overseeing marketplace operations, the Nnnow platform and key omni-channel programmes. He previously held roles including chief executive of Sephora India, chief operating officer at Arrow, and senior posts in business finance and digital for Tommy Hilfiger and Calvin Klein.
His career spans merchandising, planning, supply chain, licensing and retail operations, giving him a full view of the product-to-customer chain. He holds a BTech in textile technology from IIT Delhi and has completed an executive programme in digital transformation at IIM Bangalore.
As chief executive of Arrow, Kanchan will focus on strengthening the brand’s core in formal and occasion wear while expanding in smart casual and lifestyle categories. His priorities include sharpening the design narrative, improving customer experience across physical and digital channels, and using data and technology to deliver profitable growth.
Brands
YES Bank appoints S Anantharaman as chief risk officer
Former Jio Financial Services group chief risk officer takes charge of enterprise-wide risk at the embattled private lender
MUMBAI: YES Bank is not taking chances with risk anymore. The private lender has appointed S Anantharaman as its chief risk officer, a hire that signals the bank’s continued effort to rebuild credibility and tighten the controls that once famously slipped.
Anantharaman arrives from Jio Financial Services, where he served as group chief risk officer and built a risk management architecture spanning lending, payments, insurance broking and asset management from the ground up. Before that, he held the chief risk officer role at Bank of Baroda and senior leadership positions at HDFC Bank and L&T Finance Holdings. Three decades in banking and financial services, in other words, with scars and qualifications to match. He is a chartered accountant and a CFA charterholder.
At YES Bank, his brief is considerable. Anantharaman will oversee the bank’s entire enterprise-wide risk framework, covering credit policy, market risk, operational risk, information security, data governance, analytics, model governance and data privacy. It is, in short, every lever that matters when a bank is trying to prove it has grown up.
YES Bank’s turbulent past needs little rehearsing. What it needs now is exactly what Anantharaman has spent thirty years building: the kind of risk culture that stops problems before they become headlines. The appointment suggests the bank knows it.
