Apollo Sindhoori Capital Investments appoints Ravishankar Gopalan as COO
To work closely towards building scale and driving operational excellence for ASCIL
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-- Apollo Sindhoori Capital Investments Limited (ASCIL), the retail broking arm of Aditya Birla Financial Services Group, has appointed Mr. Ravishankar Gopalan as their new Chief Operating Officer. Mr. Gopalan will be based out of Chennai and report to Mr. Sudhakar Ramasubramanian, Executive Director, Apollo Sindhoori Capital Investments.
In his role as Chief Operations Officer, Mr. Gopalan will work closely towards building scale and driving operational excellence for ASCIL. He will lead and provide direction to key business functions like Finance, Funds, Administration, Secretarial, IT & Operations, DP & Registration, RMS & surveillance, Legal & Compliance and Human Resources.
Mr. Gopalan’s last assignment was with Citibank NA in the capacity of Senior Vice President, Securities & Fund Services Operations, for their KL Centre of Excellence, Malaysia. He comes with over 15 years of experience in Banking & Financial Service operations, including sound product knowledge in Securities, Fund Administration, Treasury Operations, Capital Markets, Derivatives & Fixed Income as well as functional exposure in operations management, technology, compliance & financial management. As Hub Leader at Citibank’s Centre of Excellence, Mr. Gopalan has the experience of managing large teams across geographies.
Commenting on his new role, Mr. Gopalan said, “I am happy to return to India as a part of the Aditya Birla Financial Services Group to scale up our success in retail broking and do look forward to working closely with this winning team”.
Commenting on the appointment Mr. Ajay Srinivasan, Chief Executive - Financial Services, Aditya Birla Group said, “We believe that there is a huge untapped opportunity awaiting us. Backed by the strong and trusted Aditya Birla brand, we are confident that Gopalan will bring further energy to our motivated team and business”.
Notes to Editor
About Apollo Sindhoori Capital Investments Ltd.
Apollo Sindhoori is a leading player in the broking space. Incorporated in 1995, the Company became a part of Aditya Birla Group in March 2009, when the group acquired 76% of the Company through Aditya Birla Nuvo. Headquartered in Chennai, ASCIL is listed on National Stock Exchange of India Limited [NSE] and The Bombay Stock Exchange Limited [BSE]. It is also registered as Depository Participant with both NSDL and CDSL.
The Company has a strong distribution network of over 221 own and 687 franchisee branches, a large customer base in excess of 1,75,000 and a scalable business model based on a strong technology backbone and a wide product mix. The Company boasts of immense talent pool and vertical specialists, who add to, its positioning as a leading player in retail broking space.
About Aditya Birla Financial Services GroupThe Aditya Birla Group has a strong presence across various financial services verticals that include life insurance, fund management, wealth management, private equity, retail broking, capital markets based lending, corporate financing and general insurance broking. The seven companies representing the Aditya Birla Financial Services Group (ABFSG) are Birla Sun Life Insurance Company, Birla Sun Life Asset Management Company, Birla Sun Life Distribution Company, Aditya Birla Capital Advisors, Apollo Sindhoori Capital Investment, Birla Global Finance Company, Birla Insurance Advisory & Broking Services. Both the life insurance and mutual fund have become top 5 businesses in the last two years, beating industry growth by a large margin. The consolidated annual turnover of these businesses is about $ 1 billion. The Aditya Birla Financial Services Group represents over 4 million customers and a workforce of over 15,000 people.
Aditya Birla Financial Services Group is a part of the Aditya Birla Group, a corporate which is in the league of Fortune 500. The Aditya Birla Group is a spectrum of industries including Cement, Aluminium, Garments, Viscose filament yarn, Mobile telephony, Super-market chains, Financial Services. With a presence in 25 countries, the Group’s global turnover exceeds USD 29.2 Bilion.
