Manappuram Finance Ltd introduced two additions to its senior management group with the appointments of Sanjay Nambiar as Group Basic Counsel and Ashish N. Chandak as Group Chief Compliance Officer (Group–CCO). Each appointments are efficient instantly.
These strategic inductions reinforce the Firm’s continued dedication to sturdy governance, strong compliance, and the best moral requirements throughout all enterprise verticals.
Sanjay Nambiar – Group Basic Counsel
Nambiar brings 31 years of authorized expertise, together with over 25 years within the banking and monetary providers sector. His profession started as an advocate on the Calicut Bar Affiliation and the Kerala Excessive Court docket, the place he constructed deep experience throughout a number of authorized domains.
He has held management roles at a number of vital establishments, together with: • Assistant Supervisor (Authorized), Kerala State Industrial Improvement Company Ltd
- Assistant Basic Supervisor (Authorized), IDBI Ltd and the Careworn Property Stabilisation Fund (Ministry of Finance)
- Chief Supervisor (Authorized), Asset Reconstruction Firm (India) Ltd (ARCIL) • Deputy Basic Supervisor, ICICI Financial institution Ltd
Most not too long ago, Nambiar served as Group Basic Counsel at YES Financial institution, main a group of 80 authorized professionals and advising the Board on complicated authorized, regulatory, and governance issues.
He holds a BA, LLB, and LLM from Authorities Legislation Faculty, Calicut, and has accomplished a Senior Administration Programme at IIM Kozhikode. Extensively revered for his experience in banking regulation and company governance, he performed an vital function in navigating main authorized challenges, together with the reconstruction of YES Financial institution.
A revered thought chief throughout the trade, Nambiar has been a distinguished speaker at quite a few banking and authorized boards, sharing insights on key regulatory points and trade traits. In his new place, he’ll play a pivotal function in formulating the NBFC’s authorized methods and making certain the best requirements of company governance and compliance.
Ashish N. Chandak – Group Chief Compliance Officer (President Grade)
Chandak joins the Manappuram Group as Group Chief Compliance Officer, bringing almost three a long time of intensive expertise throughout the BFSI sector in Enterprise Improvement, Credit score Danger, Advisory, Governance, Compliance, AML, and Fraud Danger Administration.
He beforehand served as Chief Compliance Officer at YES Financial institution throughout its essential submit reconstruction section, the place he strengthened the Financial institution’s compliance and governance framework.
His numerous expertise contains:
- Evaluating and structuring greater than 200 giant transactions throughout infrastructure, actual property, and manufacturing
- Facilitating financing exceeding ₹100 billion
- Steering proposals by way of Board and Government Committees
- Main workers accountability assessments for NPA accounts
- Chairing or taking part in key governance committees, together with the Product and Course of Approval Committee, the Accountability Evaluate Committee, the Fraud Identification Committee, and the Disciplinary Committee
In his most up-to-date project, he headed the Fraud Danger Administration operate at YES Financial institution, managing a group of almost 400 professionals to mitigate fraud dangers throughout the establishment.
Chandak can be a revered trade coach and speaker, having performed superior programmes on Danger, Compliance, the SPARC Framework, and Challenge Finance Modelling. He has represented India at main international trade boards, together with IMARC in Melbourne, and has spoken extensively on AI/ML functions in Governance, Danger, and Compliance.
An instructional gold medallist in each Engineering and Administration from the M.S. College of Baroda, he’s additionally an avid endurance athlete who has accomplished the Comrades Ultramarathon in South Africa and a number of other different worldwide marathons.
His deep experience, management acumen, and forward-looking perspective will likely be instrumental in strengthening Manappuram’s compliance, threat, and governance framework and in supporting the Board’s long-term imaginative and prescient.
V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance Ltd, mentioned: “These appointments replicate Manappuram’s strategic deal with constructing a world-class management group. The mixed experience of Mr Nambiar and Mr Chandak in authorized technique, compliance, threat, and governance will considerably strengthen our organisational framework and help our long-term imaginative and prescient.”
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