MUMBAI, SEPTEMBER 08, 2008: Birla Sun Life Distribution Company Limited (BSDL) has appointed Kanwar Vivek as the Chief Executive Officer. He will report on key governance issues to the Board and on business and operating matters to Pankaj Razdan, Deputy Chief Executive, Aditya Birla Financial Services Group.
BSDL is a premier wealth management company that focusses on investment advisory and financial planning.
Kanwar comes to BSDL from ICICI Bank, where he was the General Manager, Retail Liability Group. At the bank his responsibilities included - retail household customers, salary segment, institutional clients and HNIs.
Commenting on the appointment Pankaj Razdan, Deputy Chief Executive, Financial Services, Aditya Birla Group, said: “Kanwar’s appointment is part of the ‘People First’ strategy adopted by us to attract key leadership, to partner us in our vision for growth. We have a vision for BSDL as a retail distributor of choice. And Kanwar’s rich experience will be an immense asset. His role will be to provide strategic leadership and ensure rapid business growth and profitability of the Distribution, Wealth Management and retail broking businesses.”
Said Kanwar: “I am excited by the opportunity to be a member of the fast expanding family of the Aditya Birla Financial Services Group. The Birla Sun Life Distribution company offers a very strong platform for us to take a quantum leap, supported by a strong brand and parentage. ”
Kanwar, 45, who graduated in Economics from Delhi University and has a Post Graduate Diploma in Management from Institute of Management Technology, Ghaziabad has also been associated with organisations like ITC Classic Finance, HCL, NELCO and Indian Airlines.
About Birla Sun Life Distribution Company Limited (BSDL):
Birla Sun Life Distribution is a joint venture between Aditya Birla Group and Sun Life Financial Inc. of Canada. Ranked among the top players in the distribution of mutual funds, BSDL’s product range covers mutual funds, life insurance and other financial instruments. The company provides life insurance products of Birla Sun Life Insurance, through a wholly owned subsidiary Birla Sun Life Insurance Advisory Services Limited (BSLIAS).
The company caters to the Corporate and Institutional Segment, the Private Client Group, the mass retail segment and sub broker channel. With a direct presence through its own branches (40) and additional reach through its network of Business Associates (2000) across more than 100 centres, BSDL has a trusted investor base of over 3,25,000.
About Aditya Birla Financial Services Group (ABFSG):
The Aditya Birla Group has a strong presence across various financial verticals that include life insurance, asset management, distribution and wealth management, security based lending, insurance broking & advisory services and private equity. The companies that comprise the Aditya Birla Financial Services Group (ABFSG) are: Birla Sun Life Insurance Company, Birla Sun Life Asset Management Company, Birla Sun Life Distribution Company, Birla Global Finance Company, Birla Insurance Advisory & Broking Services and Aditya Birla Capital Advisors.
The consolidated revenues from these businesses crossed the one billion dollar mark, in 2007-08. In the first quarter of 2008-09, the businesses continued their strong momentum of growth with consolidated revenues crossing Rs. 982.8 crore for the first quarter, up from Rs. 535.9 crore in the first quarter of last year.
ABFSG already comprises a family of over 3 million customers and 12, 000 + employees. Their Life Insurance business is ranked no. 4, among private players, July YTD in 2008-09. And The Mutual Fund is ranked no. 5.
About Aditya Birla Group:
The Aditya Birla Group (www.adityabirla.com), a US $28 billion conglomerate, is among the largest business houses in India.
It enjoys a leadership position in all the sectors in which it operates. It is anchored by a force of 100,000 employees, belonging to 25 nationalities. Its operations span 25 countries across six continents and is reckoned as India’s first multinational corporation. Headquartered in Mumbai, India, over 60 per cent of the Group’s revenues flow from our overseas operations. The Group nurtures a work culture where success is built on learning and innovation. The Aditya Birla Group has been adjudged “The Best Employer in India and among the top 20 in Asia” by the Hewitt, Economic Times and Wall Street Journal Study 2007.
About Sun Life Financial Inc.:
Sun Life Financial Inc. is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers.
Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31st, 2008, the Sun Life Financial group of companies had total assets under management of US$ 404.7 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol “SLF”. Additional information can be found at: www.sunlife.com
BSDL is a premier wealth management company that focusses on investment advisory and financial planning.
Kanwar comes to BSDL from ICICI Bank, where he was the General Manager, Retail Liability Group. At the bank his responsibilities included - retail household customers, salary segment, institutional clients and HNIs.
Commenting on the appointment Pankaj Razdan, Deputy Chief Executive, Financial Services, Aditya Birla Group, said: “Kanwar’s appointment is part of the ‘People First’ strategy adopted by us to attract key leadership, to partner us in our vision for growth. We have a vision for BSDL as a retail distributor of choice. And Kanwar’s rich experience will be an immense asset. His role will be to provide strategic leadership and ensure rapid business growth and profitability of the Distribution, Wealth Management and retail broking businesses.”
Said Kanwar: “I am excited by the opportunity to be a member of the fast expanding family of the Aditya Birla Financial Services Group. The Birla Sun Life Distribution company offers a very strong platform for us to take a quantum leap, supported by a strong brand and parentage. ”
Kanwar, 45, who graduated in Economics from Delhi University and has a Post Graduate Diploma in Management from Institute of Management Technology, Ghaziabad has also been associated with organisations like ITC Classic Finance, HCL, NELCO and Indian Airlines.
About Birla Sun Life Distribution Company Limited (BSDL):
Birla Sun Life Distribution is a joint venture between Aditya Birla Group and Sun Life Financial Inc. of Canada. Ranked among the top players in the distribution of mutual funds, BSDL’s product range covers mutual funds, life insurance and other financial instruments. The company provides life insurance products of Birla Sun Life Insurance, through a wholly owned subsidiary Birla Sun Life Insurance Advisory Services Limited (BSLIAS).
The company caters to the Corporate and Institutional Segment, the Private Client Group, the mass retail segment and sub broker channel. With a direct presence through its own branches (40) and additional reach through its network of Business Associates (2000) across more than 100 centres, BSDL has a trusted investor base of over 3,25,000.
About Aditya Birla Financial Services Group (ABFSG):
The Aditya Birla Group has a strong presence across various financial verticals that include life insurance, asset management, distribution and wealth management, security based lending, insurance broking & advisory services and private equity. The companies that comprise the Aditya Birla Financial Services Group (ABFSG) are: Birla Sun Life Insurance Company, Birla Sun Life Asset Management Company, Birla Sun Life Distribution Company, Birla Global Finance Company, Birla Insurance Advisory & Broking Services and Aditya Birla Capital Advisors.
The consolidated revenues from these businesses crossed the one billion dollar mark, in 2007-08. In the first quarter of 2008-09, the businesses continued their strong momentum of growth with consolidated revenues crossing Rs. 982.8 crore for the first quarter, up from Rs. 535.9 crore in the first quarter of last year.
ABFSG already comprises a family of over 3 million customers and 12, 000 + employees. Their Life Insurance business is ranked no. 4, among private players, July YTD in 2008-09. And The Mutual Fund is ranked no. 5.
About Aditya Birla Group:
The Aditya Birla Group (www.adityabirla.com), a US $28 billion conglomerate, is among the largest business houses in India.
It enjoys a leadership position in all the sectors in which it operates. It is anchored by a force of 100,000 employees, belonging to 25 nationalities. Its operations span 25 countries across six continents and is reckoned as India’s first multinational corporation. Headquartered in Mumbai, India, over 60 per cent of the Group’s revenues flow from our overseas operations. The Group nurtures a work culture where success is built on learning and innovation. The Aditya Birla Group has been adjudged “The Best Employer in India and among the top 20 in Asia” by the Hewitt, Economic Times and Wall Street Journal Study 2007.
About Sun Life Financial Inc.:
Sun Life Financial Inc. is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers.
Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31st, 2008, the Sun Life Financial group of companies had total assets under management of US$ 404.7 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol “SLF”. Additional information can be found at: www.sunlife.com
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