Reliance Capital Ltd, the flagship firm of Anil Ambani-led Reliance Group, has appointed B Gopkumar from Kotak Securities as chief executive officer (CEO) for its broking and distribution business, the company said in a press release.
The brokerage business is run under Reliance Securities while the distribution business is branded as Reliance Money. Together they have more than 170 branches.
Gopkumar succeeds Vikrant Gugnani in this role who quit recently after a ten year stint with Reliance Capital. Gugnani teamed with others to float YouFirst Money Express, a payment bank applicant in which public sector bank Bank of India picked a minority stake early this year.
44-years old Gopkumar has over two decades of industry experience. At Kotak Securities, he was working as an executive vice-president and head of broking. He had joined the company in 2004 and held various roles like direct sales, priority banking, marketing, product development, broking and distribution in Kotak.
Previously, he worked with the companies like Hinditron Infomatics Ltd and Crompton Greaves.
Gopkumar holds and MBA degree from Mangalore University.
As on March 31, 2015, the wealth management business of Reliance Capital had assets of Rs 1,360 crore, having grown 69 per cent year-on-year.