Fedbank Financial Services Limited Appoints Parvez Mulla As The MD & CEO

The Board of Directors of Fedbank Financial Services Limited (“Company”) in their meeting held today i.e. October 22, 2024 have approved the appointment of Mr. Parvez Mulla (DIN: 08026994) as the MD & CEO of the company for a term of three (3) years with effect from November 11, 2024 to November 10, 2027 (both days inclusive), subject to the approval of the shareholders of the Company.

Parvez Mulla comes with 28 years of deep experience across lending, retail banking, and insurance domains. He has held several leadership roles throughout his career including COO at HDFC Life, MD at True North, Chief Executive Retail at L&T Finance and General Manager at ICICI Bank. He has been a fintech advisor with Blume Ventures, and has served on the boards of HDFC Pension, and North East Small Finance Bank. He is a transformational leader who has built and led large, high-performing teams across sales, distribution, underwriting, collections, operations and technology. His leadership and experience will strengthen the Fedbank Financial Services team through its next phase of growth.

Shyam Srinivasan, Non-Executive Chairman of the company said- “We are pleased to welcome Parvez Mulla as MD and CEO of the Company. His extensive leadership experience, deep domain expertise in financial services and proven ability to drive business in dynamic environment will help him lead the company into its next phase of growth. We are confident that he will accelerate the journey towards becoming a leading force in the financial services sector which is focused on creating value for all its stakeholders built on sound governance practices.”