joined the Asian Development Bank, Manila in their Private Sector department. His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh, and Vietnam. He was the ADB representative on the boards of several companies. In May 1996, Kamath returned to ICICI as its managing director and chief executive officer. Kamath was instrumental in expanding the Group's services to the retail customers. He initiated a process of a series of acquisitions of non-banking finance companies in 1996–98 and led the way to the formation of ICICI Bank. On 2 May 2011, he was appointed as Non-Executive Chairman of the second-largest software exporter, Infosys Ltd. (earlier Infosys Technologies Ltd.). He currently is a Lead independent director at Infosys after having stepped down from chairmanship to make way for N. R. Narayana Murthy. He is designated to be non-executive chairman of Infosys Board, effective 11 October 2014. After being appointed as the first chief of the New Development Bank set up by the BRICS, he went on to step down from this post of Chairman and Independent Director effective 5 June 2015. He is appointed as the Chairman of the newly constituted development finance institution National Bank for Financing Infrastructure and Development (NaBFID). Board membership Kamath is a member of the Governing Boards of several educational institutions, including the Indian Institute of Management Ahmedabad, Indian School of Business, National Institute of Bank Management, Pandit Deendayal Petroleum University, Gandhinagar and the Manipal Academy of Higher Education. He was the Chairman of Governing Board at Indian Institute of Management Indore, until his appointment to the New Development Bank of BRICS countries. Deepak Satvalekar replaced him. Kamath is also a member of the National Council of Confederation of Indian Industry (CII). He also serves on the boards of Schlumberger, Houston-based oil services company, and Lupin, an Indian pharmaceutical manufacturer. Awards Most e-savvy CEO amongst Asian Banks – The Asian Banker Journal of Singapore Finance Man of the Year Award – The Mumbai Management Association Best CEO for Innovative HR Practices – World HRD Congress Asian Business Leader of the Year – Asian Business Leader Award 2001 (CNBC Asia) Outstanding Business Leader of the Year – CNBC-TV18, 2006 Businessman of the Year – Business India, 2005 Business Leader Award of the Year – The Economic Times, 2007 Businessman of the Year – Forbes Asia Padma Bhushan Award from the Indian government