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Religare Securities Limited Appoints Manish Shah as Head of Priority Clients Group

June 8, 2011 - New Delhi, Delhi, India

Religare Securities Limited (RSL), a wholly owned subsidiary and the broking arm of Religare Enterprises Limited (REL), a leading emerging markets financial services group, today announced the appointment of Manish Shah as Head of Priority Clients Group (PCG), Religare Securities Limited.

Manish brings with him with over two decades of invaluable experience in IPO Marketing, Research, Institution Sales, Depository Services, Internet Broking, Equity Product Development, Equity Advisory and Business Strategy. Prior to joining RSL, Manish’s last assignment was that of Co-Head of Retail Broking and Associate Director at Motilal Oswal Securities Ltd

Prior to joining Motilal Oswal, Manish served a three year stint at Mafatlal Securities as a dealer where he was also responsible for developing its institutional business. Apart from Mafatlal Securities, Manish has completed stints with leading brokers where he focused on underwriting, marketing of public issues and development of their institutional business.

Commenting on the strategic importance of this new hire, Gagan Randev, CEO Religare Securities Limited said: “We welcome Manish to Religare Securities and are confident that his leadership coupled along with his depth of experience will be instrumental in reinforcing our commitment to our Priority Client Group of customers. Manish's appointment reinforces Religare’s long-standing commitment to make Religare Securities Limited a one-stop shop for the needs of our priority group of clients. With an industry veteran like Manish leading the way, I am confident that the team will strive to take innovation to the next level as we continue to better our existing product offerings to our PCG clients.”

About Religare Securities Limited -

Religare Securities Ltd. (RSL), a wholly owned subsidiary of Religare Enterprises Limited (REL), a leading emerging markets financial services group, is one of the market leading securities firms in India. The company offers equity & currency broking services to more than 7,50,000 clients using both, offline and online platforms and also offers depository participant services. RSL is a member of the NSE, BSE, MCXSX, USE and a depository participant with NSDL and CDSL. RSL employs more than 4800 employees and has a wide distribution reach that spans across more than 1500 locations in India.

About Religare Enterprises Limited:

Religare is a leading emerging markets financial services group with a presence across Asia, Africa, Middle East, Europe, and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services including broking, insurance, asset management, lending solutions, investment banking and wealth management. With 10,000-plus employees across multiple geographies, Religare serves over a million clients, including corporate and institutions, high net worth families and individuals, and retail investors.

Source: Business Wire India


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