Yes Securities has announced the elevation of Prasanth Prabhakaran as the Managing Director and Chief Executive Officer (MD and CEO) of the company, with immediate effect, according to a statement.
Earlier, Prabhakaran was the Joint MD and CEO of the company spearheading the Wealth Broking and Investment Advisory and Institutional Equities business. In addition to the existing portfolio, he will also oversee the investment banking and merchant banking verticals.
With over two and a half decades of experience in the BFSI space, Prabhakaran has been associated with Yes Securities since 2017. Prior to it, he has worked with India Infoline, Kotak Securities and HDFC Bank.
“We are delighted to announce the elevation of Prashant Prabhakaran as MD and CEO of Yes Securities. As a seasoned leader in the financial services industry, he has demonstrated remarkable ability to assess market dynamics, manage risks and drive business – these I believe are critical to lead the organisation, including forging major client relationships, a strong focus on leading with innovation, commitment to employees and delivering value,” said Prashant Kumar, MD and CEO, Yes Bank and Chairman, Yes Securities.
“With the economy bouncing back, markets achieving newer highs and a renewed vigour at Yes Bank, Yes Securities has immense opportunity to leverage and strengthen all four verticals – investment banking, merchant banking, wealth broking and institutional equities. We have a close-knit team of experienced and passionate individuals who are ready to take this organisation to greater heights,” said Prasanth Prabhakaran, MD and CEO, Yes Securities.