KVB to form venture with Centrum Wealth to provide wealth management services

Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture (JV) to provide wealth management services to its clients.
KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV’s Staff
There will be 5 Board of Directors, of which 3 will be from the bank. ii. Centrum Wealth Management is a unit of Centrum Capital Ltd.
Karur Vysya Bank is an Indian 100 years completed bank and is one of the leading banks in India, headquartered in Karur in Tamil Nadu.
It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.
The bank primarily operates in treasury, corporate/wholesale banking and retail banking segments.

About KVB: 
Headquarters: Karur, Tamil Nadu
Managing Director & CEO: Shri P. R. Seshadri About Centrum:
Founded: 1997 • Founders: Chandir Gidwani & Khushrooh Byramjee.
Executive Chairman: Jaspal Bindra