Nishit Shah Appointed as CFO of JM Financial

JM Financial has appointed Nishit Shah as Chief Financial Officer of the company, in place of Manish Sheth, who has resigned from the post of CFO of JM Financial Limited. The change in the CFO will be effective from October 1, 2023.

Manish Sheth has decided to shift his full attention to the expanding home loans business. He will still hold his positions as the Managing Director and Chief Executive Officer of JM Financial Home Loans Limited, one of the Company’s subsidiaries.

Nishit Shah began his career as an industrial trainee at Citibank NA in 2003-04. He later joined Morgan Stanley as an analyst in their Investment Banking division, working on significant transactions in the media and telecom industry.

In 2007, he moved to JM Financial’s Investment Banking division. After 12 years in Investment Banking, he shifted to JM Financial Group’s Business Strategy and Investor Relations. He managed strategic initiatives, financial planning, debt raising, and other corporate actions.

Since 2019, he’s been the Chief Financial Officer at JM Financial Products Ltd., overseeing financial planning, accounting, borrowing, and treasury functions. He also holds key positions in various committees. He is a Chartered Accountant, completed the Chief Financial Officer Program from the Indian Institute of Management, Calcutta and holds a Bachelor of Commerce degree.


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