Mukesh Ambani appoints Hitesh Sethia Harvard alumnus as Director Jio Financial Services

Mukesh Ambani appoints
Hitesh Sethia Harvard alumnus
as Director Jio Financial Services

It is learnt that Mukesh Ambani has appointed Hitesh Sethia Harvard alumnus as director of Jio Financial Services Mukesh alongside Isha Ambani.

Having over 20 years of experience in the financial services industry, Hitesh Kumar Sethia has an outstanding track record. He has been an executive for well-known corporations in North America, Europe, and Asia.

Notedly, the Reserve Bank of India (RBI) approved the appointment of Isha Ambani, Hitesh Sethia and Anshuman Thakur as the directors of Jio Financial Services for 6 months on November 15.

Reportedly, RBI’s letter of appointment to Hitesh mentions that the approval is valid only for six months from the date of the letter.

In case the company fails to give effect to the proposal within this time frame, it will have to apply again with reasons for its failure to effect the change on the earlier occasion. By virtue of having worked at ICICI Bank for most of his career, he has extensive expertise in developing strategies, expanding markets, managing risks, developing teams internationally, and compliance.

In addition, he collaborated with ICICI Bank’s operations in the UK, Hong Kong, Canada, and Germany.

In 2022, Hitesh became the Head of Europe at the well-known firm McLaren Strategic Ventures. In this role, he oversaw the banking practice in key regions like the US, the Middle East, and India in addition to leading growth projects for McLaren Strategic Capital and McLaren Strategic Solutions.

Over and above, the appointment of Hitesh Kumar Sethia as RSIL’s managing director and CEO for a three-year term had been authorized by the firm.

News Edit K.V.Raman