Mr. P.J. Nayak is a veteran banker with 25 years experience of working in the financial sector, encompassing policy, banking and markets. He is presently associated with the banking sector in Sri Lanka, where he has been Chairman of the Board of Directors of Union Bank of Colombo since 2014. Between 2010-13 he was the India Country Head for Morgan Stanley, the Investment Bank. Earlier, between 2000-09, he was Chairman & CEO of Axis Bank, the commercial bank. During this period of close to a decade, Axis Bank grew to becoming India's fourth largest bank by market capitalisation. Mr. Nayak’s earlier career was as a civil servant, including in the Finance Ministry of the Government of India between 1990-95, a period of liberalisation and reform of the Indian economy. In 2014, Mr. Nayak chaired the Committee on Governance of Bank Boards, constituted by the Reserve Bank of India. Mr. Nayak has an MA & PhD in Economics from Cambridge University, UK.