Ambit Holdings today announced the appointment of Rahul Gupta as Deputy Group CEO reporting to Ashok Wadhwa, Group CEO.
Rahul will provide oversight to the Private Wealth and Institutional Equities businesses at Ambit which are led by Sutapa Banerjee and Saurabh Mukherjea respectively. Ambit will also leverage Rahul’s expertise to transform the organisation by bringing international best-in-class practices to its risk, technology, operations, corporate communications and learning and development initiatives.
Welcoming Rahul, Ashok Wadhwa commented, “I am delighted to have Rahul, a recognised specialist in the financial services industry, join the Ambit family. With his vast experience across Asia, I look forward to him as a partner to take Ambit to the next level.”
At 51, Rahul’s career in financial services spans over 25 years and all of the major Asian economies. Prior to returning to India after 12 years in senior finance positions across the region, Rahul was Member of the Board of Directors, Senior Managing Executive Officer and CFO of Shinsei Bank, Japan overseeing a balance sheet in excess of US$ 120 billion. Rahul is the first Indian ever to be appointed to the Board of Directors of a Japanese bank. In reporting his departure, The Wall Street Journal, Asia noted that “without the initiative led by Mr. Gupta to buyback capital at distressed levels” Shinsei Bank could have lost an additional 95 billion yen (over US$ 1 billion) in fiscal years 2008 and 2009 (The Wall Street Journal, Asia 18-20 June, 2010).
Prior to joining Shinsei Bank, Rahul was Managing Director and Group Financial Controller of DBS Bank, Singapore. Rahul also served as Chief Controller - Asia at Deutsche Bank, Asia Pacific Head Office, Singapore and Chief Controller - India for Deutsche Bank, India. Rahul has held senior financial management positions at both, HSBC, India and Societe Generale, India.
Rahul is a Senior Advisor with the global consulting firm Oliver Wyman and also a Member of the Board of Directors of SICOM, India representing J.C. Flowers & Co.
Rahul is a Masters of Marketing Management from Jamnalal Bajaj Institute of Management Studies, University of Mumbai and a Bachelors of Commerce (Honours), University of Delhi.
