Poonawalla Fincorp appoints Sharad Pareek as Chief Risk Officer

Pareek carries with him a wealth of rich experience in managing Risk for financial institutions.

Sep 16, 2021 04:09 IST India Infoline News Service

Poonawalla Fincorp Ltd has informed that the Board of Directors September 16, 2021 has appointed Sharad Pareek as the Chief Risk Officer of the Company w.e.f. September 16, 2021 in place of Girish Poddar who has demitted his office w.e.f. close of business hours of September 15, 2021. Poddar would move to credit monitoring role in the organization.

Sharad Pareek, MBA from South Gujarat University and holds B. Sc. Degree from Narmada College of Science and Commerce. Pareek is a recognized Risk Management Leader with 360o understanding of lending business, ability to catalyze building of an organization from ground up.

Pareek carries with him a wealth of rich experience in managing Risk for financial institutions.

In his last assignment at HDB Financial Services, he managed risk for consumer finance. In his career spanning more than two decades he has been associated with various prestigious organizations like Barclays Bank Plc, General Electric, HDFC Ltd.

Throughout his career, Pareek has demonstrated a keen eye for detail, enabling solutions aimed to increase access to affordable credit to customers. He has good understanding of various asset classes on the retail lending side having worked across the spectrum of secured and unsecured loans.

To his credit Pareek has ideated and deployed various standardized machine-based decisionmaking models. He is adept at optimizing resources using technology resulting in high-quality risk monitoring and mitigation systems integral to the core functions of Risk Management.

Poonawalla Fincorp ended at Rs172.15 apiece down by Rs9.05 or 4.99% on Sensex.

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