Axis Capital, a leading investment bank, has named Atul Mehra as the Managing Director and CEO (designate), pending necessary approvals. Atul will assume responsibility for overseeing both the investment banking and institutional equities divisions of Axis Capital. This move underscores Axis Capital’s dedication to strengthening its executive team and consolidating its standing as a preferred partner in investment banking.
Salil Pitale, who served as MD & co-CEO for five years, has opted to pursue other opportunities. The Axis Capital Board expresses its gratitude for his contributions and leadership during his tenure.
Atul, a seasoned dealmaker, previously held the position of Joint MD at JM Financial. With over 32 years of experience, he possesses extensive connections within Indian corporations and has spearheaded numerous ECM and M&A transactions in both domestic and international markets. In conjunction with Atul’s appointment, Axis Capital is pleased to welcome Parag Gude, a veteran from Morgan Stanley, as the COO for institutional equities, and Dhaval Desai as the Head of cash equities.
Welcoming Atul Mehra to Axis family, Amitabh Chaudhry, Chairperson, Axis Capital said, “Over the past decade, Axis Capital has led the ECM and Advisory league tables, increased market share in Equities 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.”
On the appointment, Atul Mehra said, “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 the robust network of premier institutional investors spanning India, the US, Europe, the Far East & 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 organisations.”
