Nimesh Kampani on 3 August 2016 resigned as the Managing Director of JM Financial Ltd with effect from 30 September 2016. However, Kampani will continue to be the Non-Executive Chairman of the group and a director on the board of a few group companies at JM Financial.
Nimesh Kampani will be succeeded by his son Vishal Kampani as the Managing Director of JM Financial with effect from 1 October 2016.
About Nimesh Kampani
• Kampani became a well-known figure in the stock market circles after he brokered the Ambani brothers settlement in 2005.
• Besides this, he is also on the board of Nusli Wadia company Britannia and was on the board of Essar Shipping owned by the Ruia brothers.
• He also teamed up with former CitiBank CEO Vikram Pandit to form a NBFC venture called JM Financial Credit Solutions Ltd that is engaged in real estate financing.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
Who: Nimesh Kampani
When: 3 August 2016
Union Cabinet approved grant of Permanent Residency Status to Foreign Investors
MoUD and Amar Chitra Katha signs MoU to publish and distribute comic book on Swachh Bharat Mission
Gujarat becomes first state to distribute 2 crore LED Bulbs under UJALA
Mukesh Mehta appointed as President of India Bullion and Jewellers Association