Financial services provider Tata Capital on Thursday announced the appointment of banking industry veteran Rajiv Sabharwal as its CEO and Managing Director-designate.

According to the company, Sabharwal will join Tata Capital from January 2018 and would take over from the firm’s current Managing Director and CEO Praveen P Kadle.

Subsequently, Kadle will assume other responsibilities in the Tata Group effective from April 1, 2018.

Sabharwal is currently a partner at True North Managers LLP, formerly India Value Fund Advisors.