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| Bandyopadhyay new MD in Rel Money mgt rejig |
| Press Trust of India / New Delhi Apr 03, 2009, 17:53 IST |
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 Anil Dhirubhai Ambani Group firm Reliance Money today announced restructuring its senior management team as part of the company's growth plans, following which Sudip Bandyopadhyay, currently Chief Executive Officer (CEO), has been elevated as the managing director of the company.
Bandyopadhyay is moving ahead and taking over as managing director from his current role of CEO, the company said in a statement.
Further, to provide focussed direction and growth to Reliance Money's over-the-counter (OTC) services, Jhuma Guha, currently deputy CEO would take over as CEO–OTC services.
Kapil Bali who is also deputy CEO, would take over as CEO – broking & distribution and will work towards accelerating profitable growth in these businesses, the statement added.
"I am looking forward to taking Reliance Money to greater heights and set new benchmarks in leadership and customer service, creating value for investors and all stakeholders. We are targeting 10 million customers by March 2010," Bandyopadhyay said.
The OTC services comprise of money changing, money transfer and gold coin distribution.
In November last year, Reliance Money had appointed former Bombay Stock Exchange CEO Rajnikant Patel as the President for its exchange business.
Reliance Money has 3.5 million customers, a network of over 10,000 outlets and 20,000 touch points.
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