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
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more
The Role Of Central Banks In Global Economy
The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more
History Of Banking Evolution In The 21st Century
Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more