Ola Financial Services appoints Hemant Kaul on its board

Ride-hailing company Ola has appointed Hemant Kaul, a financial services veteran, on the board of its financial services arm, Ola Financial Services (OlaMoney).

Kaul was part of the initial start-up team of UTI Bank (Axis Bank), and was instrumental in setting up its retail banking function. He was an executive director at Axis Bank until 2009. Then, he was the Managing Director and Chief Executive Officer of Bajaj Allianz General Insurance until 2012.

Since 2012, he has been an independent management consultant, advising various businesses across banking, financial services and private equity.