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Nuvama Group Appoints Bharat Kalsi as the new Group CFO

Bharat Kalsi

Mumbai: Nuvama Group, a wealth management entity in India, has appointed Bharat Kalsi as its new Chief Financial Officer and Head of Strategy. This strategic decision reflects Nuvama’s dedication to strengthening its leadership team and achieving its goal of becoming a dominant global wealth management firm focused on customer satisfaction.

Bringing over 24 years of diverse experience across finance, taxation, investments, mergers and acquisitions, investor relations, corporate strategy, and regulatory compliance, Bharat Kalsi adds a wealth of knowledge to his new position. He has held key roles with renowned organizations such as HCL, HSBC, Max, Tata, and the Bajaj Group. In his previous role, he served as the CFO and led Product & Customer Service functions at Bajaj Allianz Life Insurance. Bharat’s educational background includes an MBA in finance, supplemented by professional certifications in CFA and CPA.

Commenting on this development, Ashish Kehair, MD & CEO, Nuvama Group said “In line with our 5-year vision of becoming the most formidable wealth management organisation, we continue to strengthen our leadership further, and we are very pleased to announce the appointment of our new group CFO, Bharat Kalsi. Bharat will play a pivotal role in the company’s financial reporting, planning & analysis, and in providing strategic direction, reinforcing Nuvama’s commitment to stakeholders.

India’s structural growth journey continues to build momentum as seen with robust GDP, sustained domestic demand and stable macros. This is reflected through healthy corporate earnings of wealth management sector, exemplified by Nuvama’s recent FY24 financial results, which reported a PAT of INR 597 Cr, marking a remarkable 62% YoY growth”.

Bharat Kalsi, Chief Financial Officer & Head of Strategy of Nuvama Group, said, “I am pleased to join Nuvama Group and look forward to working closely with the Board and Management towards ushering a new financial outlook for the group. I thank the Board members, Management team, Ashish Kehair, MD & CEO for welcoming me to the Nuvama Group family.”


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