Clix Capital appoints Rakesh Kaul as CEO

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Clix Capital appoints Rakesh Kaul as CEO
Earlier he was working with RHB Malaysia as Group Head - Retail Banking. In his new role, Rakesh will be responsible for all business verticals, reporting directly to the Board.

Clix Capital, a non-bank lender today announced the appointment of Rakesh Kaul as Chief Executive Officer with effect from 16 August 2021. Earlier he was working with RHB Malaysia as Group Head – Retail Banking. In his new role, Rakesh will be responsible for all business verticals, reporting directly to the Board.

A 24-year veteran of the Financial Services sector, Rakesh specializes in Retail Banking, Wealth Management, Insurance, Mortgages, etc., and has held a wide variety of leadership positions in India, Malaysia, and other countries in Asia Pacific region.

Commenting on his appointment Pramod Bhasin, Chairman – Clix Capital said, “Be it Product Development, Sales & Distribution, Corporate Strategy, Business Management and Risk Management, Rakesh’s cross-functional exposure has been deep and diverse. He has tremendous experience in leading teams, managing businesses through change cycles, building scale and driving transformation,”

Rakesh Kaul, designated CEO – Clix Capital said, “I’m honoured to accept this crucial role with Clix Capital as they continue disrupting and reshaping the NBFC sector. We will focus on deploying cutting-edge technologies and insightful innovations in driving lending models responsive to end-customer needs. While significantly boosting financial inclusion, Clix Capital remains poised for rapid market expansion.”

Clix’s strong focus on technology and strategic partnerships has helped it scale up and expand its footprint to around four million customers within four years. This has been achieved by building a strong franchise of fast-growing businesses across SME lending, consumer finance, mortgages, and equipment finance.

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