YES Securities (India) Ltd ('YSIL'), a wholly owned subsidiary of YES BANK which is into Broking & Institutional Equities, announced the elevation of Mr. Anshul Arzare as the Managing Director & Chief Executive Officer (MD&CEO) and Mr. Amar Ambani as Executive Director of YSIL. Through this strategic move, YSIL is bolstering its leadership and underscores its determination to reach the objective of becoming the foremost partner for investment and broking solutions.
Mr. Anshul Arzare has been associated with YSIL since its inception in 2013. He is an experienced business leader with a strong background and brings over two decades of experience. He has worked extensively in financial services, including setting up new businesses, delivering profitability, managing large business units involving extensive branch networks, product development, and risk & compliance management. He has specific experience in driving securities trading (online and offline), insurance (life, general, and health), corporate and retail, and a complete suite of personal finance, investment services, and wealth management. He will lead the strategic initiatives that will generate sustainable value for our clients.
Mr. Amar Ambani, with close to two decades of industry experience, has played an integral role in building the institutional equities franchise at YSIL. He also plays a key part in boosting the group's market access and procurement capabilities. He brings a ground-level understanding of businesses, having been directly involved in several pivotal projects, digital initiatives and team building, in his career. In his previous stints, Mr. Ambani played a pivotal role in driving the broader research strategy, creating disruptive investment plans and products, formulating broking strategies and digital initiatives, and nurtured a vibrant advisory culture. He also steered the Investment Committee which guided on asset class views and tactical allocations in his earlier roles.
Post this elevation, with a deep business understanding and long-term relationships with corporates and clients, Mr. Ambani will be responsible for strategic initiatives at YSIL to further strenghthen the franchise and build scale, along with leading the Institutional Equities Business.
Commenting on the development, Mr. Prashant Kumar, Managing Director & CEO, YES BANK and Chairman, YES SECURITIES said "We are delighted to announce the elevation of Mr. Anshul Arzare as the MD & CEO and Mr. Amar Ambani as the Executive Director of YES SECURITIES. Being associated with the group since its inception, Mr. Arzare has demonstrated immense capabilities in understanding market opportunities and building long-standing client relationships which I believe are critical to lead a business. On the other hand, Mr. Ambani comes with strong research skills and assesses potential risks - both internal and external - which will definitely aid in honing the business and operational decisions. As we embark on this exciting chapter, I extend my heartfelt congratulations to both Mr. Arzare and Mr. Ambani, and I am sure that their leadership will steer YES SECURITIES towards greater and continued successes in future."
Mr. Anshul Arzare, MD & CEO, YES SECURITES, said "Our solution providing expertise and strong research capabilities has led to a remarkable growth in both our wealth broking and institutional equities business. Our focus has always been to be a trusted partner in clients' wealth creation journey and not only just a transaction platform. Over the past fiscal years, we have experienced significant overall growth across our business portfolios which is a testimony of our clients' faith in us. Looking forward, our goal is to elevate our business to new heights through the strategic implementation of scalable initiatives, fostering sustained growth and ensuring long-term success. We aim to not only provide best investment solutions, but be partners throughout the wealth creation journey of investors. The financial landscape is ever evolving and addressing the needs of different types of investors has become imperative. Our product and research team aids in providing customised solutions and we will use technology to ensure seamless dissemination of the expertise to a last mile retail investor. We fully believe in the growth potential in this space as there are very few who are focusing on providing solutions to investment needs with client at the center. We will also continue our efforts to build a financially literate nation by conducting more workshops across the country."
Mr. Amar Ambani, Executive Director, YES SECURITIES, said "I am truly honoured and excited to embrace this new role with YES SECURITIES. The past five years have been a remarkable journey, thanks to the commendable effort of our talented and passionate team, as also the trust our clients have placed in our ability and agility as a leading financial services player in India. Going forward, given the mega opportunity for financialisation of the economy, I am confident that as a group, we will be at the forefront of delivering the whole spectrum of financial solutions and we will remain the preferred choice for investors. Together, we will embark on a fulfilling journey of spectacular growth, disruptive innovation, and sustainable success."
Shares of Yes Bank Limited was last trading in BSE at Rs. 19.35 as compared to the previous close of Rs. 19.85. The total number of shares traded during the day was 37745778 in over 27532 trades.
The stock hit an intraday high of Rs. 19.87 and intraday low of 19.21. The net turnover during the day was Rs. 736423979.00. |
