MAM
Wunderman Thompson India onboards Jyoti Mahendru as chief people officer
MUMBAI: Wunderman Thompson India has announced the appointment of Jyoti Mahendru as its new chief people officer, effective 1 August 2022. Mahendru will be responsible for talent development & talent acquisition strategies across the organisation and its group companies while growing and enhancing the agency’s DEI, talent management and development initiatives. She will report directly to Wunderman Thompson South Asia CEO Shams Jasani.
Mahendru is a seasoned professional who has spent over two decades in the industry guiding organisations through growth and transformation. She has held leadership positions across diverse industries, such as media, retail & advertising. She joins Wunderman Thompson from McCann Worldgroup India where she served as the executive vice president of human resources.
Wunderman Thompson South Asia CEO Shams Jasani said on the appointment, “People are our strongest asset and Jyoti’s appointment comes at a time when we are keenly looking at bolstering our efforts to create an environment that fosters learning, growth and development. With her varied exposure, expertise and experience, Jyoti will help us build high performance teams that is integral to our next phase of growth, while helping us streamline processes and shape practices that will enable every employee to accelerate growth, unlock their potential and have a fulfilling career.”
On taking up her new role at Wunderman Thompson, India, Jyoti Mahendru, commented, “Wunderman Thompson India is on an incredible journey to inspire growth for businesses and talent. It is an honour and a privilege to be a part of a legacy agency that has set its vision on being people first that recognises and rewards talent, with a strong focus on diversity, equity and inclusion. As the new chief people officer, I am looking to drive change that not only creates an agile future-ready organisation, but also, increases a sense of employee belonging and fosters the next generation of leaders.”
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
