Rakesh Magotra has been appointed by J&K Bank as its new Chief Compliance Officer (CCO) and Group Compliance Officer (GCO).He is a seasoned banking professional with over two decades of experience and was formerly a General Manager at the bank.Magotra's appointment is for a term of three years, succeeding Peer Masood Ahmad.The appointment was approved by the Board of Directors and reported to stock exchanges on a Saturday, aiming to strengthen the bank's compliance framework and governance standards.