Axis Capital has announced the appointment of Atul Mehra as the Managing Director and Chief Executive Officer (designate).
However the appointment is pending the receipt of necessary approvals, Axis Bank said in a statement.
Atul brings over 35 years of extensive experience from various prominent Indian companies to his new role. Throughout his career, he has played a significant role in orchestrating notable equity capital markets (ECM) and mergers and acquisitions transactions in both domestic and international markets.
Before joining Axis Capital, Atul had been associated with JM Financial Group for over the last 35 years in various roles most recently he was working as Joint Managing Director.
In this new role, Atul will be responsible for overseeing both the investment banking and institutional equities businesses of the company, Axis Capital stated.
The appointment is seen as a reinforcement of the company’s commitment to strengthening its leadership team and solidifying its position as a preferred investment banking partner.
Atul Mehra will be taking over from Salil Pitale, who has served as the Managing Director and Co-CEO for a tenure of five years and has chosen to move on from his position.
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