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Prev Rank: 7

Kaku Nakhate, 52

President and country head, India Bank of America Merrill Lynch

Previous Rank : 7

Even after making India the most profitable market for her firm in 2017, Nakhate— who has been heading the U.S. banking major’s India operations for the past 10 years—shows no signs of slowing down. Though the sector has been struggling with a liquidity crisis and bad loans, Nakhate ensured her bank had no non-performing assets in FY19. Despite the overall economic slowdown, the bank executed some key deals like the Vodafone-Idea $3.5-billion rights issue. It also helped real estate major Embassy with a real estate investment trust and a listing on the market, the first of its kind in India.

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