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Rahul Arora to Head Institutional Equities at Nirmal Bang

Announcement  |  Banking 

Nirmal Bang Securities Pvt. Ltd today announced the appointment of Rahul Arora as the CEO of the Institutional Equities Business with immediate effect. The appointment is in line with the company’s plans to expand and offer a host of products and services to its clients under one roof. At Nirmal Bang, Mr. Arora will be responsible for setting up the team for institutional sales and research who will cater to domestic as well as foreign institutional clients.

Mr. Arora’s previous stint was with Bloomberg UTV as the Stocks Editor for two-and-a-half years. Prior to that, he was an anchor and Senior Research Analyst at CNBC-TV18 for three years. He has also spent a year with UBS Investment Banking and two years with PricewaterhouseCoopers as a Consultant with the Corporate Finance Division. He is an Economics graduate from Denison University in Granville, Ohio.

Commenting on his appointment, Mr. Kishore Bang, Director, Nirmal Bang Securities Pvt. Ltd says, “We look forward to utilizing Rahul Arora’s expertise and experience in taking the company forward in the institutional equities business and increasing its profitability, while delivering unmatched service with efficiency.”

Rahul Arora, CEO-Institutional Equities, Nirmal Bang Securities Pvt. Ltd says, “I am very excited to work with one of India’s largest retail broking houses. As a new entrant in the institutional equities space, our main aim will be to offer the knowledge, innovative solutions and long-term relationships that clients seek in an investment consultant and I am optimistic that we will continue to strengthen these offerings for many years to come.”

About Nirmal Bang Securities
The Nirmal Bang Group is one of the largest retail broking houses in India, providing an array of financial products and services. The company’s retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

First Published: Mon, November 08 2010. 18:52 IST