Manappuram Finance launched the appointments of Sanjay Nambiar as Group Fundamental Counsel and Ashish N. Chandak as Group Chief Compliance Officer (Group CCO).
Sanjay Nambiar brings 31 years of licensed experience, along with over 25 years throughout the banking and financial suppliers sector. His occupation began as an advocate on the Calicut Bar Affiliation and the Kerala Extreme Court docket docket, the place he constructed deep expertise all through a lot of licensed domains.
He has held administration roles at a lot of very important institutions, along with Assistant Supervisor (Approved), Kerala State Industrial Enchancment Firm; Assistant Fundamental Supervisor (Approved), IDBI; the Harassed Property Stabilisation Fund (Ministry of Finance); Chief Supervisor (Approved), Asset Reconstruction Agency (India) (ARCIL); and Deputy Fundamental Supervisor, ICICI Monetary establishment.
Most these days, Nambiar served as Group Fundamental Counsel at YES Monetary establishment, essential a workers of 80 licensed professionals and advising the Board on difficult licensed, regulatory, and governance points.
He holds a BA, LLB, and LLM from Authorities Regulation College, Calicut, and has achieved a Senior Administration Programme at IIM Kozhikode. Extensively revered for his expertise in banking regulation and firm governance, he carried out an very important place in navigating essential licensed challenges, along with the reconstruction of YES Monetary establishment.
A revered thought chief all through the enterprise, Nambiar has been a distinguished speaker at fairly a couple of banking and licensed boards, sharing insights on key regulatory factors and enterprise developments.
In his new place, he’ll play a pivotal place in formulating the NBFC’s licensed strategies and guaranteeing one of the best necessities of firm governance and compliance.
Ashish N. Chandak joins the Manappuram Group as Group Chief Compliance Officer, bringing virtually three a few years of intensive experience all through the BFSI sector in Enterprise Enchancment, Credit score rating Risk, Advisory, Governance, Compliance, AML, and Fraud Risk Administration.
He beforehand served as Chief Compliance Officer at YES Monetary establishment all through its important post-reconstruction part, the place he strengthened the Monetary establishment’s compliance and governance framework.
In his most recent challenge, he headed the Fraud Risk Administration function at YES Monetary establishment, managing a workers of virtually 400 professionals to mitigate fraud risks all through the institution.
Chandak could be a revered enterprise coach and speaker, having carried out superior programmes on Risk, Compliance, the SPARC Framework, and Enterprise Finance Modelling. He has represented India at essential worldwide enterprise boards, along with IMARC in Melbourne, and has spoken extensively on AI/ML functions in Governance, Risk, and Compliance.
An academic gold medallist in every Engineering and Administration from the M.S. Faculty of Baroda, he is moreover an avid endurance athlete who has achieved the Comrades Ultramarathon in South Africa and a lot of different completely different worldwide marathons.
His deep expertise, administration acumen, and forward-looking perspective may be instrumental in strengthening Manappuram’s compliance, hazard, and governance framework and in supporting the Board’s long-term imaginative and prescient.
Administration Remarks
V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance, acknowledged, “These appointments replicate Manappuram’s strategic take care of establishing a world-class administration workers. The blended expertise of Mr Nambiar and Mr Chandak in licensed method, compliance, hazard, and governance will significantly strengthen our organisational framework and assist our long-term imaginative and prescient.”
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