Nuvama Wealth Management Limited announced that its Board of Directors at their meeting held on May 10, 2024 approved the resignation of Mr. Mihir Nanavati as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from the close of business hours on May 14, 2024. The company approved the appointment of Mr. Bharat Kalsi as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from May 15, 2024. Mr. Bharat Kalsi has 24 years of extensive experience in Finance & Accounts, Business/Financial Planning & Analysis, Treasury & Investment Operations, Taxation, Corporate Strategy, M&A, Products and Investor Relations.

Mr. Kalsi?s last assignment was with Bajaj Allianz Life Insurance, as the CFO, Head of Product & Secretarial functions. Prior to working with Bajaj Allianz Life, Bharat has worked with Tata AIA Life Insurance, Max Life Insurance, Canara HSBC Life, Aviva and HCL Perot Systems. Mr. Kalsi is a CPA, CFA and has completed his MBA Finance.