Ramasubramanian appointed as MD of Aditya Birla Money

Mumbai, Jan 19 (PTI) Aditya Birla Money (ABML), thebroking arm of Aditya Birla Financial Services Group (ABFSG),today announced the appointment of Sudhakar Ramasubramanian asits new Managing Director.

Ramasubramanian, who will take charge on February 1,will also oversee the operations of Aditya Birla Money Mart(ABMM), a press release issued here stated.

The statement said that Ramasubramanian, who is currentlythe CEO of Aditya Birla Finance (ABFL), would functionallyreport to Pankaj Razdan, Deputy Chief Executive - FinancialServices, Aditya Birla Group.

Razdan would continue to be a Director of ABML, it said.

Ramasubramanian joined ABFSG in March 2009 from theAditya Birla Group, where he worked in various functionsincluding corporate strategy since 1996.

Initially, he was appointed Executive Director of ABML tomanage its overall operations and drive the post-mergerintegration of ABML into the ABFSG fold. In January 2010 hemoved to ABFL as CEO.

"In this new role Sudhakar will be responsible to takethe business to a new trajectory, by expanding our productrange and business lines, and building strong risk andcompliance management processes to cater to our wealth, retailand institutional customers," the Group''s Chief Executive -Financial Services, Ajay Srinivasan, said.