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Rujan Panjwani Inducted as Executive Director, Edelweiss Financial Services

 Rujan Panjwani Inducted as Executive Director, Edelweiss Financial Services

  PR Newswire

  MUMBAI, June 25, 2013

MUMBAI, June 25, 2013 /PRNewswire/ --

The Board of Edelweiss Financial Services, leading diversified financial
services provider has announced the appointment of Rujan Panjwani as an
Executive Director on its Board.

"I welcome him to the Board and am sure that the Company will benefit
enormously from his experience in the areas of business strategy, risk,
regulatory frameworks and leadership development," said Rashesh Shah, Chairman
and CEO, Edelweiss Group.

Rujan has been with Edelweiss group since 2000 and has played an important
role in setting up several businesses for the Edelweiss Group including asset
management and credit, for which he had oversight responsibilities till 2012.
He helped set up the group's treasury and balance sheet unit and is a member
of the Assets & Liabilities Committee (ALCO) that primarily oversees the
implementation of an effective process for managing Edelweiss's interest rate,
liquidity and similar market risks relating to the balance sheet and
associated activities, including the adoption of policies, risk limits and
capital levels from time to time.

He also set up Edelweiss's Global Risk Group - the nodal point for all risk
monitoring and management and is a member of the Global Risk Committee - the
highest decision making body in Edelweiss on Risk-related issues.

Rujan conceived and implemented the iconic Edelweiss Associate Programme (EAP)
that started a decade ago and built leaders who are in senior position within
the Group today. This has now morphed into a multi-tiered Edelweiss Leadership
Programme (ELP). As part of the Learning and Development initiative, Edelweiss
set up Fountainhead - it's Leadership Centre at Alibaug. Rujan played a key
role in both these initiatives and continues to lead them.

Besides being on the Board of Directors of ECL Finance Limited - Edelweiss
Group's NBFC and Edelweiss Asset Management Company, Rujan continues to lead
several strategic initiatives for the Group including driving its technology
and digitization strategy.

An electrical engineer by qualification, prior to joining Edelweiss, Rujan was
an entrepreneur.

About Edelweiss Financial Services:

Edelweiss is one of India's leading diversified financial services Group.
Edelweiss offers a large range of products and services spanning across asset
classes and consumer segments. Its businesses are broadly divided into Credit
including Retail Finance and Debt Capital Markets, Capital Markets including
Asset Management, Commodities and Life Insurance. The group's research driven
approach and proven history of innovation has enabled it to foster strong
relationships across corporate, institutional and individual clients.

The Life Insurance, Retail Finance including Housing Finance, Mutual Fund and
Retail Broking businesses - both online and offline formats, have paved the
way for Edelweiss to cater to the large retail client segment. Edelweiss'
presence now covers 211 offices in 106 cities in India and abroad with 3,907
employees. Together with 4,003 strong network of Sub-Brokers and Authorized
Persons, Edelweiss group has presence across nearly 545 cities in India
catering to over 450,000 clients across various businesses in retail and
wholesale segments.

Primary Media Contact: Shruti Muddup, shruti.muddup@ketchumsampark.com
+91-9820651056

Secondary Media Contact: Revathi Pandit, revathi.pandit@edelweissfin.com +91
22 4063 5433

Contact: PRN