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