News »Browse Articles »
Religare appoints Saurabh Nanavati as CEO
0
Religare appoints Saurabh Nanavati as CEO
NEW DELHI 3 Dec, 2008: Religare Enterprises on Wednesday said Mr Saurabh Nanavati will head its asset management business, following its acquisition of Lotus India AMC last month. "Religare has decided in principle to appoint Mr Saurabh Nanavati as Chief Executive Officer for its AMC business... The appointment shall formally come into effect within the next few days,`` Religare said in a statement.
Besides, Mr Ajay Bagga would resign as the CEO of Lotus India Asset Management Company. "Bagga, the incumbent CEO of Lotus India AMC, has decided to step down and will pursue other career opportunities,`` the statement added.
"Saurabh is familiar with the Religare culture and ethos and has been involved with our AMC plans for over a year now.
Prior to this assignment, Mr Nanavati was the Chief Investment Officer for HDFC Standard Life in India, it added. Last month, market regulator SEBI had approved the acquisition of Lotus India AMC, by Religare Securities, the wholly owned subsidiary of R eligare Enterprises. After the acquisition, Lotus AMC would be renamed as Religare AMC, which would be a 100 per cent arm of Religare Securities Ltd. - PTI
Source:
http://www.thehindubusinessline.com/blnus/02031461.htm
Besides, Mr Ajay Bagga would resign as the CEO of Lotus India Asset Management Company. "Bagga, the incumbent CEO of Lotus India AMC, has decided to step down and will pursue other career opportunities,`` the statement added.
"Saurabh is familiar with the Religare culture and ethos and has been involved with our AMC plans for over a year now.
Prior to this assignment, Mr Nanavati was the Chief Investment Officer for HDFC Standard Life in India, it added. Last month, market regulator SEBI had approved the acquisition of Lotus India AMC, by Religare Securities, the wholly owned subsidiary of R eligare Enterprises. After the acquisition, Lotus AMC would be renamed as Religare AMC, which would be a 100 per cent arm of Religare Securities Ltd. - PTI
Source:
http://www.thehindubusinessline.com/blnus/02031461.htm
