Edelweiss appoints Ashok Kini as Independent Director on its Board

Deepthi | Myequity news | Date : 24-01-2019 16:20:00 IST

Edelweiss Financial Services Ltd., India’s leading diversified financial services firm, appointed Mr. Ashok Kini as an Independent Director on its board effective April 1, 2019. In addition to the EFSL board, Mr. Kini ïs on the Board of Edelweiss Asset Reconstruction Company Limited, a subsidiary of the Company since November 2011.

Mr. Kini joined State Bank of India as Probationary Officer in 1967 and held key positions during his banking career spanning over 4 decades, and retired as Managing Director in 2005. He has, throughout his career, held important board-level positions across numerous corporates in India Inc., namely IndusInd Bank Limited, SBI Capital Markets Limited, UTI Trustee Company Pvt. Ltd. and Gulf Oil Lubricants India Limited, to name a few.

Commenting on Mr. Kini’s appointment, Rashesh Shah, Chairman and CEO, Edelweiss Group, said, “We are pleased to induct Mr. Ashok Kini on our Board. He is a veteran in the Indian banking industry and our ARC has benefitted immensely from his vast pool of knowledge. We are confident that his experience and advisory will be of immense value to our Group"

About Edelweiss Financial Services:

The Edelweiss Group is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals.

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