Mumbai, January 15, 2025 – JM Financial, a diversified and integrated financial services group, has announced the appointment of Ankur Jhaveri as Managing Director & CEO, Institutional Equities, JM Financial Institutional Securities Limited. In his new role, Ankur will spearhead the Sales, Trading, Research, and Derivatives businesses, with a focus on driving growth and enhancing the firm’s institutional equities platform.
Ankur joins JM Financial with an extensive track record of nearly two decades in institutional equities and derivatives. Before joining the firm, he served as Managing Director at Axis Capital, where he played a key role in shaping the business. Ankur holds an MBA in Finance and Financial Management Services from NL Dalmia Institute of Management Studies and Research, along with a Master of Finance (International Finance) from ICFAI University.
Commenting on the appointment, Chirag Negandhi, Managing Director of JM Financial, said, “We are thrilled to welcome Ankur to the JM Financial family. His rich experience and leadership in the institutional equities and derivatives domain will be invaluable as we continue to strengthen our offerings and position ourselves to capitalize on emerging market opportunities. Ankur’s appointment further strengthens our leadership team, and I am confident that he will play a crucial role in accelerating the growth of our Equities business.”
Ankur Jhaveri expressed his enthusiasm about the new role, saying, “I am honored to take on this leadership position at JM Financial and lead the Institutional Equities team. The firm has been at the forefront of thought leadership, especially on evolving themes across sectors and the broader macroeconomic landscape. I look forward to working closely with the dynamic team and contributing to the continued growth and success of the firm.”
About JM Financial
JM Financial is a leading integrated and diversified financial services group. The Group offers a comprehensive range of services across multiple sectors, including:
- Integrated Investment Banking: Serving institutional, corporate, government, and ultra-high-net-worth clients, offering investment banking, institutional equities and research, private equity funds, fixed income, private wealth management, portfolio management services (PMS), syndication, and finance.
- Mortgage Lending: Focusing on both wholesale mortgage lending, primarily for real estate developers, and retail mortgage lending, including affordable home loans and secured MSME lending.
- Alternative and Distressed Credit: Offering asset reconstruction and alternative credit fund services.
- Asset Management, Wealth Management, and Securities: Providing an integrated investment platform, including elite and retail wealth management, broking, and mutual fund business.
As of September 30, 2024, the Group’s consolidated loan assets under management (AUM) stood at approximately Rs. 99.8 billion, with the distressed credit business AUM at approximately Rs. 137.0 billion. The wealth management AUM reached approximately Rs. 1.1 trillion, and mutual fund average assets under management (AAUM) were around Rs. 114.5 billion.
JM Financial is headquartered in Mumbai and has an expansive presence across 874 locations in 227 cities across India. The equity shares of JM Financial Limited are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).For more information, please visit www.jmfl.com
