Dhirendra Swarup re-nominated to FPSB India Board

FPSB is a principal licensing body that awards financial planing certification in India

Financial Planning Standards Board India (FPSB India), principal licensing body that awards financial planing certification in India, announced its Board of Directors for April 2013 to March 2015. Dhirendra Swarup, Member Convenor – Financial Sector Legislative Reforms Commission (FSLRC) has been re-nominated as the Chairman of the Board.

It is pertinent to note that under the recently notified Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, the certification awarded by FPSB India has been recognised as one of the eligible qualifications for registration as Investment Advisers (subject to the accreditation by National Institute of Securities Markets). The term “Financial Planning” has been also defined under the said regulations. Going ahead, this is expected to carve out an era where investment advisers are registered professionals endowed with fiduciary responsibility offering fee-based advisory services, akin to financial doctors. This has been the long standing endeavor of FPSB India whereby Financial Planners come under an evolved category of professionals.   

The other Board Members are Cyril Shroff, Managing Partner - Amarchand & Mangaldas & Suresh A Shroff & Co, Deepak Chatterjee, MD & CEO - SBI Funds Management, Milind Barve, MD - HDFC Asset Management Company, Monika Halan - Editor-Mint Money - HT Media, N Sivaraman, President and Whole Time Director - L&T Finance, Rajan Ghotgalkar, MD - Principal PNB Asset Management Company, Rakesh Jain, Executive Director and CEO - Reliance General Insurance,  Ranjeet S Mudholkar, Vice Chairman and CEO – FPSB India,  Suresh Mahalingam, MD - Tata AIA Life Insurance Company, Suresh Sadagopan, Founder - Ladder7 Financial Advisories, Vivek Kudva, Managing Director - India and CEEMA (Central & Eastern Europe, Middle East & Africa) - Franklin Templeton Investments (India), and Vivek Law, Editor -  Bloomberg TV India.