Aditya Birla Finance (ABF),a subsidiary of Aditya Birla Nuvo,announced the appointment of Rakesh Singh as Chief Executive Officer on Tuesday. Prior to his appointment at ABF,Singh was associated with Standard Chartered Bank for 15 years and was part of the global leadership at the bank. Rakesh will join ABF in the 3rd week of July and will be responsible for the day to day management of ABF and for building scale so as to make ABF a leader and role model in the sectors in which it operates, the non-banking financial company (NBFC) said in a statement issued here. Singh will be based in Mumbai and will report to Aditya Birla Group Chief Executive-Financial Services Ajay Srinivasan. The NBFC space presents attractive opportunities,backed by India's strong economic growth and rising capital needs of businesses,especially SMEs. Rakesh brings with him in-depth understanding of the business and we look forward to sharing the benefit of his experience. He will work closely with the Group and lead the team in scaling-up our NBFC, Srinivasan said in the statement. ABF is engaged in capital finance,corporate finance and project finance.
