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Centrum Broking Head Sanju Verma Quits

09 December, 2010

Sanju Verma, managing director and CEO, Centrum Broking Pvt Ltd, who joined the firm only in July, has put in her papers and is believed to be headed to Brics Securities.

A senior official at Centrum Broking confirmed Sanju Verma’s resignation but declined to divulge more on the reason for her exit. There is speculation in industry circles that her exit may have been due to differences with the promoters. VCCircle could not independently confirm the reasons for her exit and also her next move. Sanju Verma was not available for comments.

Sanju Verma, who was Executive Director and Head of Institutional Business at HDFC Securities, the broking arm of HDFC Bank, joined Centrum in July following the resignation of her predecessor TS Bhaskaran from the post. Bhaskaran, who spent 12 years in institutional broking and equity research at ICICI Securities, had left Centrum within four months of joining and Verma has also left within the same timeframe. A Centrum spokesperson was unavailable for comment.

Before HDFC, Sanju Verma had a stint with MF Global (erstwhile Refco-Sify Securities) as Head FII- Equities where she was instrumental in setting up the Cash Equities business. She has also worked for six years with JP Morgan as Associate Director- Asia Pacific Sales and with Proactive Universal Group as CEO of the Institutional Business.

Centrum Broking, a part of Centrum Group, is jointly promoted by Chandir Gidwani and the Cassinath Group.

Centrum, which was incorporated in 1977, has the experience of raising over Rs 80500 crore through equity, bonds and credit syndication in the last 5 years. This can be attributed to its excellent relationship across a wide spectrum of private and public sector banks, FIs, provident funds, charitable organizations and institutional investors across India, claims its website.


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Centrum Broking Head Sanju Verma Quits

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