Rajnikant Patel joins Reliance Money | business | Hindustan Times
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Rajnikant Patel joins Reliance Money

Reliance Money, on Thursday announced that Rajnikant Patel has joined the company as its President--Exchange Business.

business Updated: Nov 06, 2008 16:51 IST

Reliance Money, on Thursday announced that Rajnikant Patel has joined the company as its President--Exchange Business.

Reliance Money is a part of the Anil Dhirubhai Ambani Group.

Prior to joining Reliance Money, Patel was the Managing Director & CEO of the Bombay Stock Exchange, where he was responsible for the corporatisation and demutualisation of the exchange.

"We are very pleased with the induction of Mr Patel in Reliance Money," the company's Director and CEO, Sudip Bandyopadhyay, said in a statement issued in Mumbai.

"We are sure that with his extensive experience of over 28 years in the financial market arena, Mr Patel will play a critical role in our foray into the exchange space covering commodities and currencies," he added.

Patel has also had a long stint with the Reserve Bank of India besides being a part of BNP Paribas, State Bank of Saurashtra and Bank of Maharashtra.

"I am very happy to be associated with Reliance Money...I believe there is a huge scope for an innovative, professional and committed approach in commodities, currency futures and related exchange space," Patel said.

He was the longest-serving Chairman of the South Asian Federation of Exchanges (SAFE). He was also a member of the working committee of the World Federation of Exchanges as also a part of various committees of Sebi and CII, among others.