Ambit strengthens its Institutional equities business with high level appointment

Ambit Capital announces the recruitment of Saurabh Mukherjea into its equities business as Head of Equities at the Managing Director level, thereby substantially strengthening Ambit’s Institutional equities business. Saurabh will join Ambit post completing his gardening leave, which he is currently serving.

About Ambit Group:

Ambit is a cohesive network of companies with an array of ability within the financial service spectrum, providing clients with a range of comprehensive and integrated services like mergers, acquisitions and divestitures, structured finance, public market fund raising, private equity, equities brokerage (institutional, private client) and private wealth management.
The Ambit Group also advises the Ambit Frontier Fund, a Long-short India dedicated equity fund operating from Mauritius. The fund caters to the investment needs of global investors wanting to participate in the Indian equity markets. The Ambit Frontier Fund was launched on December 1, 2009.

Ambit Frontier Fund has recently received a USD 25 million subscription from QInvest LLC ‘s group entity. This subscription is towards a new Shariah compliant sub class created under the Fund.