Karvy names group CEO for financial services biz in management reshuffle

Group is restructuring its overall business into two verticals - financial services and non-financial services - in a move aimed at improving governance and functioning

The Karvy Group announced on Tuesday that it is in the process of restructuring its businesses into two broad verticals - financial services and non-financial services. As a part of this process, the company has also initiated a management reshuffle. The move is aimed at improving the overall governance and functioning of the enterprise, it said.

As part of this exercise, group chairman C Parthasarathy announced the appointment of Amitabh Chaturvedi as Group CEO-Financial Services with a mandate to completely overhaul the governance processes, ensure best practices and to bring in greater fiduciary discipline to these businesses.

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