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InCred Capital has appointed Abhinav Khanna as CEO of Capital Markets and Abhimanyu Kalra as managing director and co-head of equities as it looks to expand its institutional equities business in India. The appointments are part of the company’s efforts to grow its market share in India’s institutional equities segment multi-fold over the next five years, supported by investments in technology, execution infrastructure and international expansion, InCred Capital said in a press release. Khanna brings over 25 years of experience across India, the UK and the Middle East. He most recently served as managing director and chief business officer at ValueQuest Investment Advisors. Before that, he spent over a decade at Citigroup Global Markets, where he was managing director and head of equities for India. Kalra has over 23 years of experience in equity markets, including 18 years at Nomura, where he developed relationships with global and domestic asset managers. The company has also launched its US business under Arunava Das, who joins as CEO of InCred Capital USA. Das previously served as CEO of JM Financial’s North America business and has held senior roles at JPMorgan Chase and Edelweiss Capital. Alongside the leadership appointments, InCred Capital is investing in technology and execution infrastructure across order management, research distribution, institutional sales and trading, block execution and algorithmic trading. The platform serves institutional clients, including mutual funds, insurance companies, pension funds, foreign portfolio investors (FPIs), global long only investors and hedge funds. “We are making a big bet on Capital Markets. India’s markets are getting larger, deeper and more important to global investors, while domestic institutional capital continues to grow rapidly,” said Bhupinder Singh, founder and group CEO of InCred. Singh added that the company aims to build one of India’s leading institutional equities franchises. InCred Capital is the institutional, wealth management and asset management arm of the InCred Group. It offers services across investment banking, institutional equities, wealth management and asset management.
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