Senior Executives

Mr. Sumit Sanghai is the Chair of the Board of Directors of ICICI Bank Canada. He is also a member of the Board Governance & Remuneration Committee. At the parent Bank, Mr. Sanghai serves as a member of the Committee of Senior Management and Committee of Executives. He is a permanent invitee as part of the Credit Committee, the highest credit sanctioning forum at the parent Bank.

He is a key member of the Leadership Team of ICICI Bank Limited and currently responsible for managing Large Corporate Group, Capital Market & Custody Group, Construction Realty Funding & Asset Monetization Group, Financial Sponsor Group and Strategic Solution Group.

During his career with ICICI Bank for more than 24 years, he has managed several responsibilities in the areas of Corporate Banking, Government Banking, Transaction Banking, Real Estate and Supply Chain. He has led the digital transformation in the corporate segment of ICICI Bank through various industry specific and turnkey solutions backed by new age technologies. These platforms cover a wide range of banking services including payments, collections, trade finance, foreign exchange etc. increasing customers efficiencies and deepening 360-degree wallet share for the Bank.

Mr. Sanghai is an expert in various sectors including infrastructure, real estate, cement, capital markets and financial services. He is also associated with various industrial bodies and has been a member of various expert committees in the field of banking & finance in India.

Mr. Sanghai holds a degree in Chartered Accountancy from the Institute of Chartered Accountants of India. He achieved All India 2nd Rank in Chartered Accountancy Intermediate Examination, All India 3rd Rank in CA Final Examination and All India 4th Rank in Company Secretaryship (CS) Final examination.

Ms. Rita Achrekar is a member of ICICI Bank Canada's Board of Directors, and is Chair of the Risk Committee as well as a member of the Audit Committee. She is a corporate director and a former banking executive with expertise in global capital markets, risk management, governance and business transformation.

She is an Executive in Residence at the Global Risk Institute in Toronto and a board member of Farm Credit Canada and Canadian Investor Protection Fund (CIPF). Earlier, she served on boards of Investment Industry Regulatory Organization of Canada (IIROC) and Scotia Commodities Inc.

Previously, Ms. Achrekar was a senior executive at Scotiabank in Toronto and held global leadership roles in market risk management, corporate credit, and compliance transformation. Prior to joining Scotiabank, she held treasury and trading roles with American Express Bank and ING Bank in Mumbai, India.

Ms. Achrekar holds ICD.D (Rotman School, University of Toronto), and has completed Advanced Management Program at Wharton Business School; MBA from Jamnalal Bajaj Institute, Mumbai University; and Bachelor of Technology from Indian Institute of Technology, Mumbai.

Mr. Rajiv Mathur is a member of ICICI Bank Canada’s Board of Directors, and is Chair of the Bank’s Audit Committee as well as a member of the Conduct Review Committee.

Mr. Mathur is a partner and counsel with a firm of chartered professional accountants and advisors that serves entrepreneurial clients. Prior to that, he enjoyed a 29-year career at Deloitte LLP, retiring as a Senior Assurance and Advisory Partner in 2016.  His experience ranges from public and private company reporting to regulatory compliance, strategic planning, and enterprise risk management. During that period, Mr. Mathur also taught part-time at York University, building on his previous experience as an Assistant Professor at the University of New Brunswick and Acadia University. 

Mr. Mathur currently serves on the Governing Council, Business Board, and Audit Committee of the University of Toronto. He is also currently the Chief Mentor and Senior Advisor at the Toronto Business Development Centre, a start-up incubator which nurtures the growth and development of new and emerging businesses in the Greater Toronto Area. Mr. Mathur has been a director of the Canadian Franchise Association, the North York Seniors Centre, and the President and Board member of TiE Toronto.

Mr. Mathur holds a Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology (Delhi), a Masters of Business Administration from Queens University, and completed the Wharton University CFO Executive Leadership Program.  He is a CPA, CA, and a member of the Chartered Professional Accountants of Ontario.

Ms. Kathleen McGarrigle is a member of ICICI Bank Canada's Board of Directors, and is Chair of the Conduct Review Committee as well as a member of the Risk and Board Governance & Remuneration Committees.

Ms. Kathleen McGarrigle is a seasoned financial executive and former Chief Operating Officer of Coast Capital Savings, Canada’s largest credit union by membership. She was a respected member of the executive team that led the transformation to one of the strongest performing Canadian credit unions, delivering outstanding performance in retail banking and wealth management. She also co-created a workplace culture that has been recognized as one of Deloitte’s Best Managed Companies, Canada’s 10 Most Admired Cultures and one of BC’s Top Employers.

Ms. McGarrigle has extensive experience managing large and complex businesses in Canada and internationally. Prior to joining Coast, she was Senior Vice President Premier Banking for HSBC Bank Canada, where she led the HSBC Global Premier strategy that propelled the business forward and positioned Canada as one the top regions globally. Prior to this, she held the position of Regional Vice-President for CIBC.

Ms. McGarrigle has played leading roles in several community organizations including, Canadian Board Diversity Council for Canada, Women’s Executive Network, YWCA, Canadian Breast Cancer Foundation, B.C. Children’s Hospital, Cops for Cancer and the United Way. She has also served on corporate and community boards across Canada including Canadian Breast Cancer Foundation, Zajac Foundation, Glentel Inc., NEI Investments and the Salvation Army.

Ms. McGarrigle has been recognized for her leadership and community service numerous times throughout her career. She was named one of Canada’s Top 100 Most Powerful Women, British Columbia’s Top 20 and Surrey Business Leader of the Year.

Ms. McGarrigle is a graduate of the Queens University Executive Program, Institute of Corporate Directors and a Fellow of the Institute of Canadian Bankers.

Michael McAdoo is a member of ICICI Bank Canada's Board of Directors and serves on the Audit, Risk and Conduct Review Committees of the Board. For more than 25 years, he has worked at the nexus of corporate strategy, public policy and international geopolitics and trade.

He is Partner and Director, Global Trade & Investment, at Boston Consulting Group, where he serves corporate and public-sector clients across geographies and sectors. Mr. McAdoo has advised both the Union Government and State Governments in India on matters of Trade and Investment. He was also the lead Expert of the advisory team for the Chair of the 2023 India B20 Trade & Investment Task force.

Earlier in his career he was a senior executive with Bombardier Inc., where as head of International, he led a team of 35 professionals in 5 countries. Michael began his career as a staffer in the Parliament of Canada, where he rose to become Executive Assistant to the Prime Minister. In this role, he participated in trade and diplomatic missions to 22 countries.

Michael received his undergraduate education at Queen's University and Harvard, holds Master’s degrees in International Affairs and Journalism from Columbia University, and completed a Certificate of Advanced Studies in International Law and Economics from the World Trade Institute at the University of Bern. He is a certified Masters Professional Director – Public Company, by the ACCD.

Michael is also a Course Lecturer in the Faculty of Management and School of Public Policy at McGill University, leading courses on Emerging Markets, and International Stakeholder Engagement.

Mr. Himadar Maddipatla is the President and Chief Executive Officer of ICICI Bank Canada.

Mr. Maddipatla has around 30 year of experience in the business and finance world, including the last 20 years with the ICICI Group.  He has a strong background in relationship management and stakeholder engagement and has a demonstrated ability to lead strong team through a focus on engagement and client service.

Most recently, Mr. Maddipatla was the ICICI Group State Head for Tamil Nadu and City Business Head for Chennai, where he was responsible for developing and executing the business strategy encompassing Retail Branch Banking, Business Banking, Private Banking, Wealth & Trade, Mortgage, Institutional Banking, Forex, NRI and Remittances, and transaction banking.  As State Head, Mr. Maddipatla was responsible for managing a team of 6000 employees and 600 branches in a region with a population of over 77 million people.  From 2015 to 2020 he served as Zonal Head for the North East Region of India and North Bengal, where he was instrumental in scaling the retail and business banking activities in the zone.  He also played a leading role in building regulatory and stakeholder relationships in these regions.

Mr. Maddipatla holds a Masters in Business Administration degree from Osmania University, Hyderabad. He also served for 5 years as a director on the board of Tamil Nadu Urban Infrastructure Financial Services, a public-private partnership established to manage trust and other public funds in the State of Tamil Nadu and to oversee key public infrastructure projects.