Credit information agency, Experian Credit Information Company has appointed Mr Mohan Jayaraman as the new managing director of the bank.

Jayaraman was previously working as Chief Operating Officer (COO) of the bank.

The previous MD of the company, Mr Phil Nolan is going to take up the post of MD of the Australian wing of the company.

The credit information bureau has come to existence as a JV between UK's Experian, Axis Bank, Punjab National Bank, Union Bank of India, Indian Bank, Federal Bank, Sundaram Finance and Magma Fincorp.

It has a member strength of over 150, which includes both private, public and cooperative banks along with RRBs and NBFCs.