Ambani Taps Veteran Banker to Head Financial Services Unit
- K.V. Kamath to be non-executive chairman of Jio Financial
- Kamath also named a director on Reliance Industries board
K.V. Kamath
Photographer: Namas Bhojani/Bloomberg
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Reliance Industries Ltd. has appointed veteran banker K.V. Kamath as the non-executive chairman of its unit Jio Financial Services that will be spun off and listed, according to a stock exchange filing Friday.
Kamath, who finished a five-year term as the head of the BRICS-backed New Development Bank in 2020, brokered a peace deal between billionaire Mukesh Ambani -- chairman of Reliance Industries and the second-richest Asian currently -- and his younger brother Anil Ambani more than 15 years ago.