Retail-led equity franchise, distributor of financial products, and investment bank, ICICI Securities (I-Sec) has announced the appointment of Rohit Ambosta in the leadership team of the New Solutions Group. He will be teaming up with Ketan Kharkhanis, an I-Sec veteran and Head of Digital Accounts Acquisition, who is also part of the leadership team of New Solutions Group.
Welcoming Ambosta to I-Sec, Vijay Chandok, MD & CEO, ICICI Securities commented, “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.”
He also added that the company represents the emerging affluent / mid-income segment of the society and that they understand requirements and expectations from intermediaries which are very different from the conventional investors. Hence they are happy to have Ambosta join the team and increase the pace of launch of next gen products and services tailor made for these investors.
In his new role, Ambosta would be responsible for the products, technology architecture design, development, and launch new initiatives.
Ambosta has over 20 years of leadership experience in Technology and Digital transformation roles. He joins I-Sec from Sharekhan, where he served as the Chief Information Officer. Previously, he has worked in various roles at Angel Broking, Financial Technologies, Tech Mahindra, and HCL Comnet. He is well versed in areas of product development, UI/UX, Digital Customer Acquisition, Analytics, and Cloud Adoption.
With Ambosta and Karkhanis as Co-Heads - New Solutions Group, it will be interesting to see how they both leverage the cutting-edge next gen technology like AI, ML, big data with real life customer expectations as the organisation aims to transform the investor’s market.