Appoints Mr. Amitabh Chaturvedi as Group CEO – Financial
Services
Mumbai, December 31, 2019: The Karvy Group announced today
that it is in the process of restructuring its overall business into two
verticals - Financial Services and Non- Financial Services. As a part of this
process, the company has also initiated a major management reshuffle. The move
is expected to improve the overall governance and functioning across the
enterprise.
Mr. C Parthasarathy, Chairman, Karvy Group, announced the
appointment of the industry veteran Mr. Amitabh Chaturvedi as Group CEO - Financial
services with a mandate to completely overhaul the governance processes, ensure
best practices and to bring in greater fiduciary discipline to these
businesses. He has previously been associated with leading organizations such
as Dhanalakshmi Bank, Reliance AMC, ICICI and the Essel Group and has over 30
years of experience in the financial services space.
Speaking on this development, Mr. C Parthasarathy, Chairman,
Karvy Group, said, “We welcome and are extremely pleased to announce the
appointment of Mr. Amitabh Chaturvedi as Group CEO - Financial Services. We
look forward to scaling new heights under his leadership. His extensive
experience and incisive vision of the financial services sector will definitely
enhance our brand value.”
Mr. Amitabh Chaturvedi, said, “It gives me immense pleasure
to be a part of Karvy, a financial services Group that has been a front runner
in the sector for more than three decades. The leadership team will work on
making the brand stronger and with fund raising we shall see it reaching new
heights.”
The restructuring will see stock broking, wealth management,
commodities trading and investment banking among others come under the ambit of
Financial Services while Non-Financial services will comprise of data
management services, data analytics, market research and allied businesses.
Changes in senior management are also being initiated and an experienced team
would assist Mr. Chaturvedi in implementing the Group's vision of having a
strong presence in the financial services space.
About the Karvy Group:
The Karvy Group, established in 1982 and headquartered at
Hyderabad, is present across the entire spectrum of financial services, such as
stock broking, distribution of financial products (including equities, mutual
funds, bonds, IPOs, and fixed deposits), wealth management, corporate finance,
commodities broking, NBFC, data management services, investment banking, and
depository participant, among others.
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