New Delhi: In a surprise move, Reliance Capital’s long serving CEO Sam Ghosh will leave the company on 31 March, after spending nine years at the financial services arm of Anil Ambani-led business conglomerate.
Ghosh had joined the company in April 2008 as group chief executive officer of Reliance Capital, while he was elevated to the board in May 2015.
The company, which is present across insurance, mutual fund and a host of other financial services sectors, said in a regulatory filing that Ghosh will be completing his term of office on 31 March 2017, and the appointment of a new CEO will be announced in due course.
“During this entire period (of nine years), Ghosh has served Reliance Capital with great passion and commitment, and contributed towards building up a strong portfolio of businesses across asset management, life and general insurance, commercial and housing finance, broking and distribution among others,” the company said
