Ashish Gupta
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Former Credit Suisse Exec Ashish Gupta To Join Axis MF As CIO
Gupta, who was head of equity research for India at Credit Suisse, left the Zurich-based bank last November after a 14-year stint
Topics
Credit Suisse | Axis Mutual Fund | CIO
Axis Mutual Fund has appointed former Credit Suisse executive Ashish Gupta as its Chief Investment Officer (CIO), sources told Business Standard. At present, Axis MF does not have a CIO. The investment team is led by Jinesh Gopani (Head-Equity) and R Sivakumar (Head-Fixed Income).
Previously, Gupta was the head of equity research for India at Credit Suisse. He left the Zurich-based bank in November 2022 after a 14-year stint.
A query sent to Axis MF remained unanswered till the time of going to press.
Gupta is known for his ‘House of Debt’ report that first uncovered the extent of non-performing assets (NPAs) in the Indian banking industry. The research helped push policy makers to review banks’ loan books and revise the nation’s official bad-loan ratio from about 3 per cent to 9.3 per cent, one of the highest in the world.
Last week, the Securities and Exchange Board of India (Sebi) had released its interim order against Axis MF's former chief dealer Viresh Joshi over front running allegations. The order barred Joshi and 19 others from accessing the capital markets. The regulator ordered the impounding of Rs 30.6 crore — total wrongful gains earned from front-running activities.
The star analyst’s switch from ‘sell’ side to ‘buy’ side will boost the image of the fund house mired by this controversy, said experts.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, March 06 2023. 17:12 IST
RECENT NEWS
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more