Axis Capital has appointed Atul Mehra as the new Managing Director (MD) and Chief Executive Officer (CEO). His appointment is waiting for final approval. Mehra will be overseeing both the investment banking and institutional equities businesses at Axis Capital.
Atul Mehra is an experienced dealmaker with over 30 years of experience in the industry. He was previously the Joint MD at JM Financial.
Other Key Appointments
In addition to Mehra, Axis Capital has also appointed:
- Parag Gude as Chief Operating Officer (COO) of Institutional Equities
- Dhaval Desai as Head – Cash Equities
Previous Departures
Mehra’s appointment comes after the departures of:
- Salil Pitale, the current MD & co-CEO of Axis Capital
- Chirag Negandhi, the former co-CEO who joined JM Financial in December
Regulatory Approvals
The market regulator Securities and Exchange Board of India (SEBI) has approved the Initial Public Offering (IPO) of two firms – Kross and Saraswati Saree Depot.
However, SEBI returned the draft IPO documents of Garuda Construction and Engineering and Polymatech Electronics in late March.
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