Clix Capital appoints Rakesh Kaul as CEO

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MUMBAI : Non-bank lender Clix Capital announced on Thursday the appointment of Rakesh Kaul as its new Chief Executive Officer, effective August 16.

As Chief Executive Officer (CEO), he will be responsible for all business areas and report directly to the board of directors, the lender said in a statement.

A 24-year veteran of the financial services industry, Kaul specializes in retail banking, asset management, insurance and mortgage lending and has held a variety of leadership roles in India, Malaysia and other Asia Pacific countries. He joins Clix Capital from RHB Malaysia, where he led the retail banking business for the group covering the Malaysia and Asean markets. Prior to that, he was associated with Citigroup and held several leadership positions in consumer banking, corporate banking and capital markets.

“Be it product development, sales and distribution, corporate strategy, management and risk management, his cross-functional wealth of experience was profound and varied. He has tremendous experience leading teams, leading companies through change cycles, scaling and driving transformation, “said Pramod Bhasin, chairman of Clix Capital.

Anil Chawla, Founder of Clix Capital, said, “I am very excited to have him in this role and look forward to working with us and advancing our founding vision to bridge the credit gap between underserved and unserved cohorts, including MSMEs and new borrowers.” . He has a deep understanding of retail and corporate banking and an excellent industry network that will be invaluable to the growth of our company. “

According to Kaul, Clix will focus on using cutting edge technology and insightful innovations to develop credit models that address the needs of end customers.

“While Clix Capital is a major contributor to financial inclusion, it remains ready for rapid market expansion,” said Kaul.

Clix offers financing solutions in five business areas: corporate finance, equipment finance and leasing, SME finance, consumer finance and home finance. Clix has assets under management (AUM) of approx 5,000 crore for over three million customers and a presence in over 15 cities.

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