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Ambit strengthens its Institutional equities business with high level appointment.

Mumbai, Oct. 25 -- Ambit Capital announces the recruitment of Saurabh Mukherjea into its equities business as Head of Equities at the Managing Director level, thereby substantially strengthening Ambit's Institutional equities business. Saurabh will join Ambit post completing his gardening leave, which he is currently serving.

The equity business will now be headed by Mr Saurabh Mukherjea, leaving Mr. Andrew Holland to continue to focus on Ambit's Investment Advisory business full time. Mr. Saurabh Mukherjea and Mr. Andrew Holland will report directly to Mr Ashok Wadhwa.

Welcoming the renewed vigour being imparted to the equities business, Ambit Group CEO, Mr Ashok Wadhwa comments: "Under Andrew's leadership, Ambit's equities business has made a substantial mark in the competitive landscape in the last few years because of its focus on strong research and client satisfaction. Our research has been widely commended, and our execution capabilities have strengthened considerably. With Saurabh at its helm now, Ambit Institutional equities business will undoubtedly add more insights into our research offering, and greatly ramp up our value proposition to our clients."

Mr. Saurabh Mukherjea has over 12 years of experience in the equities business, and joins Ambit from Execution Noble. Saurabh has done his BSc and MSc from the London school of Economics. Saurabh was the cofounder of Clear Capital, an equity research firm, in 2003. He sold Clear Capital in 2008 to Execution Noble and moved to India to set up their Institutional Equities business. During his tenure with Execution Noble in India, they were the highest ranked new entrant in almost every category related to research in the Asia money polls - 2009.

Ambit's Mr. Andrew Holland has extensive experience of equities spanning over 25 years across Asia and Europe. Andrew would continue to head the Investment Advisory business. Ambit Investment Advisory is uniquely placed to help institutions and high net worth individuals benefit from the dynamism of the Indian equity markets by steering their investments.

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Publication:India PRwire
Geographic Code:9INDI
Date:Oct 25, 2010
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