Over the past decade, Axis Capital has led the ECM and advisory league tables, increased market share in equity and derivatives, and built a strong research team.
Atul Mehra was named by Axis Capital on Monday as the company’s managing director and CEO, pending the acquisition of the necessary approvals. Atul Mehra will be in charge of Axis Capital’s Institutional Equities and Investment Banking divisions.
After five years as the MD and Co-CEO, Salil Pitale has made the decision to leave the company. During his tenure, the Axis Capital Board expressed their gratitude for his leadership and service in writing.
A seasoned negotiator, Atul Mehra served as JTM Financial Ltd.’s junior managing director. He has over 32 years of expertise and has overseen some of the most significant M&A and ECM deals in both domestic and international markets, according to the company.
Along with this hiring, Axis Capital also announced the appointment of Dhaval Desai as Head of Cash Equities and Parag Gude, a former employee of Morgan Stanley, as COO-Institutional Equities and COO-Departmental Equities, respectively.
Amitabh Chaudhry, Chairperson, Axis Capital Ltd., said, “Over the past decade, Axis Capital has led the ECM and advisory league tables, increased market share in equity and derivatives, and built a strong research team. In line with Axis Bank’s stated objective of strengthening the investment banking and institutional equities businesses, I am delighted to welcome Atul to Axis Capital. I am confident that Atul will strengthen the business and further cement its leadership position. We would also like to thank Salil for his contribution and wish him the very best.”
On the appointment, Atul Mehra said, “The Indian investment banking landscape is at an inflection point, with the India story finding resonance across the globe. Leading an investment bank like Axis Capital is a very exciting proposition. The foundation of Axis Capital is its robust network of premier institutional investors spanning India, the US, Europe, the Far East, and the Middle East. These relationships have been nurtured through continuous engagement, leveraging comprehensive research capabilities and unique market insights provided by the extensive network of Axis Capital and Axis Bank with Indian organizations.”
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