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Ambit Holdings announced the appointment of Hrishikesh Parandekar as CEO for Ambit Finvest and Ambit Private Wealth.
He was Group Head and CEO for Karvy’s broking, wealth management and asset management businesses. At Karvy, he founded the India Rising Fund. This was preceded by his time as the Managing Director of Morgan Stanley, New York. Hrishikesh has also been a Senior Consultant with McKinsey, Ambit Holdings said in a statement.
Hrishikesh Parandekar, an alumni of IIM Ahmedabad, has over 20 years of work experience in strategic consulting and private wealth management.
Ambit Finvest provides structured lending solutions to entrepreneurs and their operating companies. The core focus is on SME and project-based lending through a variety of senior and mezzanine debt solutions. Additionally, the business works closely with its private client group to provide capital market solutions to promoters and capital market participants.
Ambit Private Wealth platform seeks to provide tax-informed solutions, investment ideas across all asset classes as well as support to manage trusts/estates/inheritance matters and consolidated overview of the family wealth.
“We are delighted to welcome Hrishikesh to the Ambit family. He is a seasoned financial services expert and brings with him invaluable experience and understanding of a dynamic environment. His wide and varied expertise in the financial services space will enable the Ambit group grow in multiple spheres”, said Rahul Gupta, Joint Group CEO, Ambit Holdings.
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