Toys“R”Us has appointed Chetan Bhandari as the company’s SVP, corporate finance and treasurer. He will report to EVP and CFO Mike Short.
Bhandari will be responsible for managing relationships with domestic and international lenders, depository banks, credit insurers and credit rating agencies, as well as overseeing the company’s global cash management, foreign exchange programs and capital markets activities. An experienced finance executive with broad retail and consumer goods experience, he was most recently managing director at GLC Advisors & Co.
“It is our pleasure to welcome Chetan to the organization as a key member of our Finance team. We look forward to the benefit of his strong background in corporate finance and well-established relationships in the financial community, as we continue to execute our ‘TRU Transformation’ strategy to position the business for long-term profitable growth,” Short said.
At GLC Advisors, Bhandari primarily focused on restructuring advisory assignments and building the firm’s M&A, financial sponsor and private placement business. Prior to this, he served as a managing director in investment banking at Goldman, Sachs & Co., responsible for the consumer/retail group’s leveraged finance business across the Americas.
Earlier in his career, Bhandari served as a managing director in the restructuring group with UBS Securities LLC and a VP in the investment banking division with Donaldson, Lufkin & Jenrette Securities Corporation. Previously, Bhandari was a founding member of Merrill Lynch & Co.’s European leveraged finance business. He received a bachelor’s degree in economics and international relations from Brown University and a master of business administration from Harvard Business School.