April 26, 2024 10:10 (IST)
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Reliance Capital appoints B Gopkumar as CEO of Broking and Distribution Business
Mumbai, June 11 (IBNS): Reliance Capital Limited, a part of Anil Ambani led Reliance Group, on Thursday announced the appointment of B Gopkumar as the Chief Executive Officer (CEO) of its Broking and Distribution business.
B Gopkumar succeeds Vikrant Gugnani, CEO of Reliance Capital’s Broking and Distribution businesses.
“We would like to welcome Mr. Gopkumar as the new CEO of our Broking, Distribution and Wealth Management businesses and look forward to these businesses achieving aggressive growth under his leadership. We also take this opportunity to thank Vikrant, who has been a key member of our leadership team and played an important role in growing these businesses in challenging times, for his contribution and wish him good luck in his future endeavours," said Mr Sam Ghosh, Executive Director, Reliance Capital.
B Gopkumar, 44 years, joins Reliance from Kotak Securities and brings with him over 20 years of industry experience. An MBA by qualification, Gopkumar has played important role across functions including Direct Sales, Priority Banking, Marketing, Product Development, Broking and Distribution.
Reliance Capital’s Broking business – Reliance Securities, one of the leading retail broking houses in India, provides a varied customer base with access to equities, equity options, wealth management solutions and mutual funds.
The Distribution business of Reliance Capital, branded as ‘Reliance Money’ is a comprehensive financial services and solutions provider, providing customers with access to mutual funds, insurance products and other financial products. Reliance Money is amongst the leading domestic distributors of financial products with a pan India presence with over 170 branches.
The Wealth Management business of Reliance Capital recorded an AUM of Rs 1,360 crore (US$ 218 million) as on March 31, 2015 – a YOY increase of 69 per cent.
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