Naresh Devadiga
SVP and Head Custody & Capital Market Operations
- Role
- Sr Vice President and Head Custody & Capital Market Operations at Axis Bank
- Location
- Mumbai, IN
- LinkedIn followers
- 500 followers
About Naresh Devadiga
Experienced Vice President with a demonstrated history of working in the banking…
Experience
Sr Vice President and Head Custody & Capital Market Operations
Dec 2000 — Present · Mumbai, IN
July 2020 onwards: Head Custody and Capital Market Operations. This includes a) Capital Market Ops such as Clearing Bank (NSE, BSE, NCDEX, MCX), Custody for Exchange Members, PCM Ops for Equity & Currency Derivatives, Credit Ops (Documentation, Disbursement of Fund & Non – Fund Based facilities), General Banking (Onboarding, Execution of Financial & Non-Financial Transaction), b) Depository Participation (Onboarding, General Servicing (Financial & non-financial) & Security Transaction (Market & Off Market), Corporation Actions, etc.) c) Custody (Onboarding, Security & Funds Transaction / Settlement, Corporate Action, other support services) d) Fund Accounting -(Onboarding, FA Recording & Reporting, etc.) e) IPO / NFO / Right Issue / Bonds (ASBA & Non ASBA) and f) Mutual Funds- Financial & Non-Financial both. Sept 2018 to Jun 2020: Head Investment & Insurance Product Solution Operations, Depository Participant and NRI Operations. Jun 2014 to Sept 2018: Head Investment and Insurance Product Solutions Operations offering said products to all segments such as Burgundy, Affluent, Wealth Management, Priority, Prime, Salary, Retail & Corporate segment in addition to implanting integration with multiple channels such as Internet, Mobile and Branch Banking. The investment products include MF, Equity, Structured Product, Private Equity & DPMS and Insurance business in Life, General & Health.Jan 2007 to Jun 2014: Head Operations of Bank Wealth Management and Private Banking Business in India and International Private Banking (Singapore Base - MAS). Set Up Wealth Management Desk for Domestic and International Wealth & Private BankingDec to Dec 2007: Core member of the team setup Capital Market Business for the bank such as Clearing Bank Operations, Depository Desk, Stock Broker Funding (OD & CC) arrangement, Documentation and Bank Guarantee Services, Cash Management, Derivative Desk (F&O as PCM), Other Banking Services related to Capital Market requirement.
Education
ITM Group of Institutions
Master of Business Administration (M.B.A.)
Indian Institute of Banking and Finance
Certified Associate of Indian Institute of Banking (CAIIB)
St. Xavier's College
Bachelor's Degree
1993
Government Law College, Mumbai
Bachelor of Laws - LLB
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