ICICI Securities Ltd on Monday announced that Madhabi Puri-Buch has taken over as the managing director and CEO from S Mukherji, who retired on completion of his term of office. Mukherji was with the firm for 5 years.

ICICI Securities is one of largest integrated securities firms in India covering the needs of corporate and retail customers through investment banking, institutional broking, retail broking and financial product distribution businesses. I-Sec has over 250 ICICIdirect centres and an employee strength of almost 3,000 people.

Prior to her new appointment, Madhabi was an executive director on the board of ICICI Bank [Get Quote]. She was responsible for the global markets business covering treasury solutions for clients including forex, fixed income and derivatives solutions. Madhabi was also the head of global operations of the bank covering transaction processing and mid-office control for the retail, corporate, international and rural banking. She was also the chief brand officer for the ICICI Group.

She joined the board of directors of the bank in 2007, heading the internal control environment function, including global operations, global risk management and the legal, compliance and audit functions for the bank.

Prior to this, Madhabi had looked after various businesses including home loans, bonds and retail broking.

Madhabi Puri-Buch is a gold medallist in mathematics from Delhi University and an MBA from IIM-Ahmedabad.