Ambit Holdings Pvt. Ltd today announced the appointment of Sanjay Sakhuja, MD Ambit Corporate Finance as the Chief Executive Officer (CEO) of Ambit Corporate Finance. He will succeed Ashok Wadhwa as CEO of Ambit Corporate Finance, effective April 1, 2009. Handing over the mantle of the Corporate Finance Business to Sanjay, Ashok Wadhwa, Ambit Group CEO, will be focusing his efforts on further growing all Ambit's existing businesses and identifying newer opportunities to take Ambit to its dream position of a leading full fledged Financial Services Company.

Commenting on the transition, Ashok Wadhwa – Ambit Group CEO said, “Sanjay has been with us for 5 years and has led our very successful Banking Financial Services and Insurance (BFSI) practice. He is a strategic thinker and has an analytical and collaborative approach, I am certain that under his leadership Ambit Corporate Finance will see further success.”

Sanjay brings with him over 24 years of financial services experience having worked with Citibank, Indal, Arthur Andersen and Lazard. Over the last decade, Sanjay, an astute investment banker, has to his credit various marquee deals such as the recent HDFC-CBoP Merger, IDFC’s Acquisition of Standard Chartered Mutual Fund and BNP Paribas’s joint ventures with Geojit and Srei. In addition to BFSI, Sanjay has over the years been an advisor to several large Indian and Multinational companies in the FMCG, Auto and Commodities sectors.

An Economics graduate from St Stephen's College (1980), Sanjay completed his CA from A F Ferguson (1983) and was merit ranked 5th across India. Sanjay is married and has three sons. He is a keen golfer.

Sanjay now proceeds to attend the globally acclaimed Advanced Management Program at Wharton and on his return will relocate to Mumbai and work closely with Ashok over the next few months for a smooth transition to his new role. From April ’09, Sanjay will lead the Corporate Finance Business and will be ably assisted by Sanjay Bansal, Nikhil Puri and Chetas Desai.

Sourced From: Adfactors Public Relations Pvt Ltd