Ambit Holdings Pvt. Ltd., today announced the appointment of Mr. Andrew Holland as a Chief Executive Officer - Institutional Equities and Equity Proprietary Trading for Ambit Capital Pvt Ltd. He moves with his proprietary team consisting of Vaibhav Sanghvi and Piyush Shah.  

Mr. Holland joins Ambit with extensive experience spanning over 25 years across Asia and Europe and until recently has been the Managing Director for Equity Proprietary Trading for Merrill Lynch in India.

On the appointment, Mr. Ashok Wadhwa, CEO & MD, Ambit Corporate Finance said, “It gives us immense pleasure in welcoming Andrew Holland into the Ambit family. Apart from his expertise in the research and equity proprietary trading space, Andrew is known as a strong leader and someone who has the ability to build successful businesses for leading organizations and is able to attract, retain and motivate talent. We look forward to his leadership in delivering success leading to Ambit’s growth.”

Throughout his career Andrew has been recognized as a leader and a visionary in Institutional Equity Research. He has been rated a top ranked analyst by independent surveys in the UK, South Korea, Japan and India, working with leading Investment Banks, including County Nat West, Barclays (BZW), Credit Suisse and Merrill Lynch.

During his time in India, Andrew successfully built the DSP Merrill Lynch research franchise from unrated in 1997 to consistently Number 1 or 2 in all independent surveys i.e. Asia Money, Institutional Investor and Greenwich. In 2005, DSP Merrill Lynch was rated Number 1 by Asia Money and Institutional Investor magazine.

Since early 2006, Andrew has successfully built and developed Merrill’s Equity Proprietary Trading desk. During this period he and the team have significantly outperformed the Nifty and Sensex Indices and continue year to date make positive returns versus a 35% fall (in Dollar terms) to date of the Nifty and Sensex 

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