Appointment of Nemkumar H as Managing Director of IIFL Securities Limited

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Nemkumar H assumed the role of Managing Director (MD) of IIFL Securities Limited on 15th May, 2024.

An Overview of the News

• Nemkumar H was serving as a Whole-time Director on the Board of the Company prior to his appointment as MD.

• Nemkumar H succeeded R. Venkataraman, who served as Chairman and MD of IIFL Securities Limited.

• Venkataraman's tenure as MD of the company concluded on 14th May, 2024.

• Narendra Jain has been appointed as a Whole-Time Director for a term of 5 years.

Background of Nemkumar H:

• Professional Qualification: Nemkumar H is a Chartered Accountant (CA) by profession.

• Previous Experience: He spent nearly a decade at CLSA Limited, formerly known as Credit Lyonnais Securities Asia, where he held various roles including Equity Analyst, head of research, and country head.

• Early Career: Nemkumar H commenced his career at Bharat Petroleum Corporation Limited (BPCL), where he worked for 8 years in the corporate treasury and pricing departments.

• Association with IIFL: Nemkumar H joined IIFL in 2007 and played a pivotal role as one of the founding members of IIFL's Institutional Equities Business.