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SME Times News Bureau | 19 Mar, 2018
Reliance Asset Reconstruction Co (ARC), part of Reliance Capital, on
Monday said it has appointed Ravindra Rao as its new Chief Executive
Officer.
The company said Rao has taken over as CEO from Asokan Arumugam, who was leading Reliance ARC for the last four years.
"We
are delighted to have a strong senior talent like Ravi come onboard to
drive growth of the asset reconstruction business going forward," Anmol
Ambani, Reliance Capital Executive Director, said in a statement.
The
statement said Rao has joined Reliance ARC from Fullerton India where
he worked in different roles for over six years, with his last
assignment being the CEO of the home finance subsidiary.
Reliance
ARC is a premier asset reconstruction company with Reliance Capital
being the principal sponsor. Other sponsors include Corporation Bank,
Indian Bank, GIC of India, Dacecroft and Blue Ridge, the statement
added.
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