Saturday, July 10, 2010

Aditya Birla Money appoints Vivek Mahajan as its Research Head

 

Aditya Birla Money Limited, the broking arm of Aditya Birla Financial Services Group, has appointed Mr. Vivek Mahajan as Head of Research. Before joining Aditya Birla Money, Vivek held the post of Senior Vice President and Head - Equity Research and Advisory Function in HSBC InvestDirect Securities Limited.

 

Welcoming Mahajan, Mr. Kanwar Vivek, MD of Aditya Birla Money, said, “In today’s complex world of financial services, we believe that research plays a crucial role in carving out the right investment strategy for investors. We are confident that Vivek Mahajan with his rich research background and expertise will contribute to this important function and help to grow our business significantly. We wish him all the best and welcome him to the Aditya Birla Money family.”

 

Mr. Mahajan, an Engineer and MBA with specialization in finance, has over 2 decades of experience. As the Research Head, Mr. Mahajan will monitor the investment scenario (domestic and international) with specific focus on companies, sectors and market related issues and use these insights to help shape investment strategy.  He will devise research strategy in line with organizational requirements, with timely introduction of new products to suit requirements of different investor classes.

 

Commenting on his new role, Mr. Mahajan said, “I am happy to join Aditya Birla Money, a part of the Aditya Birla Financial Services Group, to scale up the research activities in line with investor needs and meet the objective of generating profitable business”.

 

About Aditya Birla Money

Aditya Birla Money is a single brand offering the combined products and services of the broking company, Aditya Birla Money Limited (formerly Apollo Sindhoori Capital Investments Limited) and the wealth management and distribution company, Aditya Birla Money Mart Limited (formerly Birla Sun Life Distribution Company Limited).

Aditya Birla Money Limited is a broking player, offering Equity and Derivative trading through NSE and BSE and Currency derivative on MCX-SX. It is registered as Depository Participant with both NSDL and CDSL and also provides commodity trading on MCX and NCDEX through its subsidiary company.

Aditya Birla Money Mart Limited distributes a range of third party products like company deposits, mutual funds, insurance, structured products, alternate investments and has a premier wealth management service arm catering to HNI customers.

These offerings are delivered through a strong Pan India distribution network of over 850 owned and sub broker branches, a robust online and offline model with a strong technology backbone to a large customer base in excess of 4,00,000.

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