KV Rama Moorthy has assumed charge as Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank. Prior to joining TMB, he was Executive Director of United Bank of India. He had also served as ED of Bank of Baroda for a brief period. He succeeds HS Upendra Kamath, whose term of three years came to an end in July, 2017. Rama Moorthy’s appointment is for a period of three years. The bank, which is caught in a number of legal battles over its ownership, has seen quite a churn of people at the helm.