Ghosh, who led the ramping up of German insurer Allianz's Indian insurance ventures, has assumed charge as Reliance Capital CEO from on Wednesday, the company said. He would report to Reliance Capital Vice Chairman Amitabh Jhunjhunwala.
Reliance Capital has also crossed the 14 million customer-mark across all its businesses, according to industry sources.
The group's interests include asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services, distribution of financial products, consumer finance and other activities in financial services.
Reliance Money, a part of the group, which commenced commercial operations in April last year has over 300,000 customers and 4,300 outlets in more than 3,500
Reliance Consumer Finance which commenced commercial operations in May 2007 has disbursed loans of over Rs 3,000 crore (Rs 30 billion) within six months of operations.
Earlier, Allianz had said in a statement that Ghosh, the regional CEO for Middle East and North Africa, would give up his position with effect from April 1, in order to assume an assignment outside of the Allianz Group.
At Allianz, Ghosh has been responsible for ramping up business of its joint ventures in India -- Bajaj Allianz eneral Insurance and Bajaj Allianz Life Insurance.
The West Asian regional unit of Allianz, with headquarters in Bahrain, also consists of Allianz entities in Egypt, India, Jordan, Lebanon, Pakistan, Saudi Arabia and Sri Lanka.
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