Royal Exchange gets new head strategy, business planning

Malhotra

Chuks Udo Okonta

Royal Exchange Plc has announced the immediate appointment of Mukesh Malhotra, an Indian national, as the new Group Head, Strategy and Business Planning.

A statement by the firm’s Group Head Corporate Affairs, Wilson Okoh-Esene, said the Group Managing Director, Chike Mokwunye, said the appointment of Malhotra is in continuation of the company’s resolve to employ seasoned professionals who can impact positively on the fortunes of the Group and resolve to build a market-oriented organisation that would be responsive to the needs of the market and the ever-changing demands of the client, that keep Royal Exchange in business.

Mokwunye said: “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.”

Malhotra, according to the statement  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.

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 optimization, cost controls, corporate restructuring, growth strategy and market entry strategic initiatives for various start-ups and global multi-billion dollar organisations.

Before joining Royal Exchange, Malhotra was heading the Business Planning & Market Planning for different verticals of Bharti Airtel, India and before that, was the Chief Financial Officer (CFO) for eBay. Prior to that, he was with Coca-Cola India and was taking care of Strategic Planning. 

Malhotra holds a Bachelors degree in Civil Engineering from Punjab Engineering College and a Masters in Business Economics (Finance and Econometrics) from Delhi University.

Royal Exchange Plc started operations in 1921 and continues to be driven by innovation and a determination to offer services that are of exceptional value to its customers.