Press Trust of India |
New Delhi
May 16, 2012
Last Updated at 15:24 IST
Avendus Capital appoints RS Sharma to its board
Sharma was Chairman and Managing Director of Oil and Natural Gas Corp from May 2006 to January 2011
Mumbai-based financial services firm Avendus Capital has appointed R S Sharma, former CMD of ONGC, to its Board of Directors.
With deals worth $2.2 billion in 2011, Avendus Capital is the leading Indian financial services firm by number of deals, the company said in a press release.
Sharma was Chairman and Managing Director of Oil and Natural Gas Corp from May 2006 to January 2011. He was also concurrently the Chairman of ONGC Videsh Ltd (OVL), Mangalore Refinery & Petrochemicals Ltd (MRPL) and five other ONGC Group companies during 56 month period.
Avendus Capital CEO and Managing Director Ranu Vohra said, "His (Sharma's) deep knowledge of the global economy and business, as well as unique experience as the CEO of one of India's leading enterprise will be of immense value to Avendus".
Sharma said the young and professional team of Avendus has built a formidable practice in cross border M&A in a short span of time and are now building repute in the equity markets, institutional equities, alternate asset management and wealth management space.
