Karvy Group initiates corporate rejig

Karvy Group initiates corporate rejig

Agency News

Mumbai, Dec 31: The Karvy Group on Tuesday announced that it is in the process of restructuring its overall business into two verticals - Financial 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.

Karvy Group Chairman C Parthasarathy 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.

"The restructuring will see stock broking, wealth management, commodities trading and investment banking among others come under the ambit of Financial Services while NonFinancial services will comprise of data management services, data analytics, market research and allied businesses," a statement here said. (UNI)