Reliance Life Insurance Company, part of Reliance Capital, said on Monday it has appointed Anup Rau as the new CEO of the company with immediate effect. Rau succeeds Malay Ghosh, the president and executive director, Reliance Life Insurance. The board of directors of Reliance Life announced the appointment of Anup Rau as the new CEO of the company, subject to Irda approval, the company said in a statement. Rau, 39, joins the company from HDFC Life Insurance and brings over 17 years of industry experience, it said.
BNP Paribas names corp finance co-head
BNP Paribas India on Monday appointed Jwalant Nanavati as co-head of its corporate finance business. Nanavati will be based in Mumbai and report to Ganeshan Murugaiyan, BNP Paribas India head of investment banking and strategic coverage, the company said in a statement here. Prior to joining BNP Paribas, Nanavati was the investment banking director at Deutsche Bank India. Jwalants appointment further demonstrates our commitment to strengthening our investment banking presence here, BNP Paribas India chief executive officer and country head Jacques Michel said.
Credit fundamentals resilient: Moodys
Sovereign credit fundamentals in the Asia-Pacific region are likely to remain resilient and credit profiles in the region are expected to improve relative to other regions, Moody's Investors Service said on Monday. The sovereign credit fundamentals in the Asia-Pacific region are likely to remain resilient to both global headwinds during 2013 and the persistence of extraordinary easing by the US Federal Reserve, Moody's Investors Service said in a release. Growth in the region is expected to remain flat at 5% in 2013 and will continue to grow faster than any other region. Though, China's growth has moderated, it should remain relatively robust in the near term, it said.