Destimoney Securities appoints Sudip Bandyopadhyay as president

Destimoney Securities today announced the appointment of Sudip Bandyopadhyay, the erstwhile managing director of Reliance Money, as president.

In his new role, Bandyopadhyay is expected to lead the company, which is currently undergoing restructuring, in its next phase of growth.

Destimoney Securities, earlier wholly owned by the PE Fund, New Silk Route, plans to infuse around Rs40crore through new investors, including Dhanlaxmi Bank, which proposes to invest Rs13 crore for a 15-per cent stake.

Bandyopadhyay will build and lead a new team comprising of new and existing resources, expand the business by adding new customers and expand into new locations, the company said in a statement.

Destimoney Securities is part of Destimoney Enterprises, a financial services provider and advisory company.