Private sector lender, Lakshmi Vilas Bank has declared the appointment of PR Somasundaram as its managing director and chief executive officer.

Somasundaram has taken charge of the post from 2nd August 2010.

He has worked with Tata Consultancy Services, Unilever (India) and Standard Chartered prior to holding the new post in Lakshmi Vilas Bank.

He has held the post of Chief Executive Officer and Managing Director-STCI Capital Markets in Standard Chartered Bank for more than 8 years both in India and abroad.

The man has B.com, ACA, ICWAI and PG in Management Accountancy with all India Merit certificate added to his kitty of qualifications along with over 25 years of rich experience in the domestic as well as international platform.