Private sector lender Karur Vysya Bank has appointed Mr K Venkataraman as its new managing director and chief executive.

Venkataraman would be succeeding Mr P. T. Kuppuswamy, who superannuated on May 31, 2011.

Before joining his new role in KVB, Venkataraman was CMD of SBI Global Factors, Mumbai.

He began his career in the banking industry as a PO in State Bank of India from where on he later moved to becoming the Chief General Manager in-charge of Marketing, International Banking Group at the corporate centre of SBI in Mumbai.