Finance

Ujjivan Monetary Companies appoints Sanjeev Barnwal as new CEO

Ujjivan Monetary Companies on Thursday stated it has appointed Sanjeev Barnwal as its new chief govt officer.

The corporate’s board of administrators at its assembly on Thursday thought of and unanimously permitted the appointment of Sanjeev Barnwal as chief govt officer, it stated in a regulatory submitting.

His appointment will come into impact from Friday (September 10, 2021).

Ujjivan Monetary stated Barnwal will proceed to be the corporate secretary (CS) and key managerial personnel (KMP) of the corporate.

His elevation comes as former head Carol Furtado assumed cost because the CEO of subsidiary Ujjivan Small Finance Financial institution final month.

He has company expertise of over 17 years. Earlier than becoming a member of Ujjivan, he was related to SMC Capitals Ltd as affiliate vice-president and CS.

Ujjivan stated Barnwal’s company and funding banking expertise and lively interactions with regulators, amongst others, and lengthy affiliation with Ujjivan will proceed so as to add worth to his bigger position and duty as the corporate’s CEO.

He holds 6,000 fairness shares (0.005 per cent stake) of the corporate, it stated.

Shares of the corporate on Thursday closed at Rs 157.20 apiece on the BSE, up 9.81 per cent from the earlier shut.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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