Source; PTI:Business Line:MUMBAI, FEB 24:2010
The Financial Planning Standards Board India (FPSB India) today announced the nomination of Dhirendra Swarup as its new Chairman.
Mr Swarup was the Chairman of the Pension Fund Regulatory and Development Authority (PFRDA) till last year.
He has behind him an illustrious career as a civil servant and retired as the Secretary (Expenditure & Budget) in the Union Ministry of Finance, a release said here.
“The Indian financial services industry is due for a major introspection, which is necessary pursuant to recent initiatives by various regulators to bring an element of advice in selling of financial products,” Mr Swarup said.
“FPSB India, backed by the commitment of 50 leading financial brands and the support of all stakeholders, will strive to bring the benefits of informed investment decision-making closer to investors in India,” he said.
The other nominated board members are the Dhanlaxmi Bank Managing Director & CEO, Mr Amitabh Chaturvedi, the ICICI Securities Executive Director, Mr Anup Bagchi, the Hindustan Times Executive Editor, Mr Gautam Chikermane, the Brain Point Investment Centre CEO, Mr Jaideep Kahikar, Partner-Desai Desai Carrimjee & Mulla, Advocates & Solicitors, Mr Kedar Desai, and the Ghalla & Bhansali Securities’ Managing Director, Mr Mukesh Dedhia.
FPSB India was established by 50 leading financial institutions across all sectors and verticals.
It closely works with all stakeholders — the government, corporates, regulators, industry associations, the media and the general public to achieve its objective of financial planning norms.
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