Prime Securities Ltd board approves reappointment of N Jayakumar as MD & Group CEO

The Board of Directors of Prime Securities Ltd, at their Meeting held today, based on the recommendation of the Nomination and Remuneration Committee, have approved the reappointment of Mr. N. Jayakumar, as Managing Director & Group CEO, for a fresh term of Five Years, with effect from February 11, 2021, subject to approval of the Shareholder at the forthcoming Annual General Meeting. Mr. N. Jayakumar is not related to any Directors of the Company.

Mr. Jayakumar joined Prime Securities in 1992. He holds a B. Tech Mechanical Engineering, IIT Delhi (1978-83) and an MBA from IIM Ahmedabad (1983-85). Prior to joining Prime, he was head of the Corporate Finance and Merchant Banking Group at Citibank, having previously spent several years in Money Markets and Securities Trading.

He is a recognized Speaker on various Business TV channels and fora for Equity Research, Wealth Management, Private Equity, the Indian Economy and Stock Markets.

Among his other passions are compiling cryptic crossword puzzles, mentoring young adults, ten-pin bowling (represented India in the World Championships in Malaysia in 2003) and Hindi film music.

Shares of PRIME SECURITIES LTD. was last trading in BSE at Rs.45.1 as compared to the previous close of Rs. 45.55. The total number of shares traded during the day was 1727 in over 64 trades.

The stock hit an intraday high of Rs. 46.45 and intraday low of 45. The net turnover during the day was Rs. 78600.

Source : Equity Bulls

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