Royal Exchange appoints Indian to head strategy, business planning

Royal Exchange plc, Nigeria’s foremost insurance group with distinctive asset management capabilities has announced the appointment of Mukesh Malhotra, an Indian national, as the new group head, strategy and business planning.

Confirming his appointment, Chike Mokwunye, GMD said the appointment of Mukesh Malhotra is in continuation of the company’s resolve to employ seasoned professionals who can impact positively on the fortunes of the company and resolved to build a market-oriented organisation that would be responsive to the needs of the market and the ever-changing demands of the client.

He added that “this appointment will enable Royal Exchange redefine its strategic vision, develop new products and channels to meet the ever-changing needs of the consumer and also enable the Group to be a dorminant player in the insurance and other financial services sector in Nigeria,” he added.

Mukesh will be responsible for developing different business strategies for the various business subsidiaries, develop new products, enhance existing products/channels and also implement the revised 3-year Strategic Plan for the organisation encompassing all the functions in the organisation.

Mukesh Malhotra is a seasoned executive with over 17 years of rich experience in the areas of finance, corporate strategy and mergers and acquisitions in companies such as Bharti Airtel, eBay, Coca Cola, Dell and Ricoh. He has also been involved in financial controls, capex optimisation, cost controls, corporate restructuring, growth strategy and market entry strategic initiatives for various start-ups and global multi-billion dollar organisations.