Aditya Birla Capital Limited (ABCL) has officially announced the appointment of Kamalakar Nayak as its new Chief Compliance Officer. This strategic move brings onboard a seasoned professional with close to three decades of rich and diverse experience in compliance, regulatory affairs, and risk management.
Nayak’s illustrious career includes pivotal roles at leading organizations such as Piramal Enterprises, Piramal Capital & Housing Finance, IDFC FIRST Bank, and the Reserve Bank of India (RBI). Notably, he was a key member of the core team responsible for the successful merger of DHFL with Piramal Capital & Housing Finance, ensuring seamless management of regulatory and compliance aspects.
The appointment was approved by the Board of Directors of ABCL, following the recommendation of the Nomination Remuneration & Compensation Committee and the Audit Committee.
As Nayak steps into his role, Santosh Haldankar, the outgoing CCO, will continue to contribute to the organization in his capacity as Company Secretary and Compliance Officer, adhering to the Securities and Exchange Board of India (SEBI) Listing Regulations.
This leadership change underscores Aditya Birla Capital’s commitment to bolstering its compliance framework and aligning with regulatory best practices.
