Axis Capital on Saturday announced that Nilesh Shah, the current deputy CEO, will take over as the CEO in the next few weeks, replacing Manish Chokhani.
Axis Capital did over Rs 73,000 crore worth of transactions in the last fiscal. Axis Capital is a wholly owned subsidiary of Axis Bank.
"Client centricity will continue to be our focus. This is reflected by the repetitive business that is coming from the existing clients. We are looking at developing an overall customer connect with the group so that we are a one stop shop for all their financial needs. Irrespective of the cyclicity of the market, we believe that we can do well provided we continue to service our clients ," said Shah.
Chokhani will be an advisor to Axis Bank apart from pursuing his personal interests.
According to Shah, inspite of tough market scenario last fiscal, Axis Capital has done almost more than one transaction a week. Axis Capital has also entered into alliances and partnerships with investment banks across the globe to facilitate inbound and outbound M&As.
