YES Securities or YSIL, a wholly-owned subsidiary of YES Bank, has announced the elevation of Anshul Arzare as the Managing Director and Chief Executive Officer (MD & CEO) and Amar Ambani as Executive Director of YSIL.
Arzare has been associated with YSIL since its inception in 2013. He has worked extensively in financial services, including setting up new businesses, delivering profitability, managing large business units involving extensive branch networks, product development, and risk & compliance management, the company said in a statement.
He has specific experience in driving securities trading (online and offline), insurance (life, general, and health), corporate and retail, and a complete suite of personal finance, investment services, and wealth management. He will lead the strategic initiatives that will generate sustainable value for the clients.
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Ambani, with close to two decades of industry experience, has played an integral role in building the institutional equities franchise at YSIL. He also plays a key part in boosting the group's market access and procurement capabilities, the statement said.
In his previous stints, Ambani played a pivotal role in driving the broader research strategy, creating disruptive investment plans and products, formulating broking strategies and digital initiatives, and nurturing a vibrant advisory culture. He also steered the Investment Committee which guided on asset class views and tactical allocations in his earlier roles.
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Ambani will be responsible for strategic initiatives at YSIL to further strengthen the franchise and build scale, along with leading the Institutional Equities Business.
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