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16 Aug 2021

ICICI Securities on-boards Mr. Rohit Ambosta for its New Solutions Group

  • Mr. Ambosta will join the New Solutions Group
  • The group will launch new products and services aimed at new investors
  • Will deploy next gen technology to deliver a superior trading experience

Mumbai - Aug 16, 2021- ICICI Securities (I-Sec), India's leading retail-led equity franchise, distributor of financial products, and investment bank, today said that it has on-boarded Mr. Rohit Ambosta in the leadership team of the New Solutions Group. In his new role, Mr. Ambosta would be responsible for the products, technology architecture design, development, and launch new initiatives.

Welcoming Mr. Ambosta to I-Sec, Mr. Vijay Chandok, MD & CEO, ICICI Securities said, "Over the last 18 months, equity markets have been witnessing heightened activity levels with increased retail participation. Large number of new investors are entering the market, of which a significant proportion hail from smaller towns & cities. Representing the emerging affluent / mid income segment of the society, their requirement and expectations from intermediaries like us are very different from the conventional investors. We are happy to have Rohit join the team and increase the pace of launch of next gen products and services tailor made for these investors."

Mr. Ambosta, an Electronics Engineer, and has over 20 years of leadership experience in Technology and Digital transformation roles. He is well versed in areas of product development, UI/UX, Digital Customer Acquisition, Analytics, and Cloud Adoption. Mr. Ambosta joins I-Sec from Sharekhan, where he served as the Chief Information Officer. He has previously worked in various roles at Angel Broking, Financial Technologies, Tech Mahindra, and HCL Comnet.

Mr Ketan Kharkhanis, an I-Sec veteran and Head of Digital Accounts Acquisition, is also part of the leadership team of New Solutions Group. Together Mr. Ambosta and Mr. Karkhanis as Co-Heads - New Solutions Group, will be jointly responsible for developing new products and solutions that will drive the digital transformation aimed at the large number of new investors entering the market.

The new products and solutions will leverage cutting-edge next gen technology like AI, ML, big data with real life customer expectations to deliver an investment journey with best-in-class customer experience.

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, a virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management, and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com

Disclaimer

ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103), MCX Ltd (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com.
Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', 'expected to', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in broking business and other financial services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. ICICI Securities Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

For further details, contact:

ICICI Securities Ltd.
Rabin Ghosh
rabin.ghosh@icicisecurities.com
Adfactors PR Ltd.
Harsh Trivedi
harsh.trivedi@adfactorspr.com