Dr. Nayak is currently the Managing Director and Country Head of Morgan Stanley India. From 2000-2009 he was the Chairman and Managing Director of Axis Bank, a domestic commercial bank. Earlier, between1971-1996, he worked as a civil servant, and was an officer of the Indian Administrative Service. Between1990-95 he worked in the Department of Economic Affairs in the Ministry of Finance. Dr. Nayak has an MA and Ph.D. in Economics from Cambridge University.
PJ Nayak, who transformed Axis Bank into India's fourth-largest by market capitalisation from an also-ran bank in a decade, has been hired as the chief executive of Morgan Stanley India to boost its fortunes amid intensifying competition from JPMorgan and BankofAmerica Merrill Lynch. The 63-year-old plain-speaking former bureaucrat will take charge at the company in April with the mandate to grow the investment banking, wealth management and securities trading businesses.
P J Nayak is” Business standard” Banker of the Year .
BS Reporter / Mumbai Feb 26, 2010, 00:29 IST
P J Nayak, former chairman and CEO of Axis Bank, is the Business Standard Banker of the Year for 2009. Nayak was the unanimous choice of a five-member jury led...