Rakesh Rawal of Deutsche Bank joins AnandRathi

AnandRathi announced today that Mr. Rakesh Rawal will join the firm as National Head "� Wealth Management. In his new role Mr. Rawal, 51 will focus on strengthening and aggressively building the wealth management business of the firm. He will be based in Mumbai and report to the Chairman, Mr. Anand Rathi.

Mr. Rakesh Rawal comes with more than 25 years of experience with around 10 years of entrepreneurial experience. He joins AnandRathi from Deutsche Bank, where he worked for about 7 years, most recently as head of Private Wealth Management at Bangalore. In this role, he was responsible for building and coordinating the wealth management business for Deutsche Bank.

Commenting on the appointment, Mr. Anand Rathi said, "Rakesh brings in years of experience as a successful private banker. His wealth of experience will add further strength to our market-leading private wealth management business. He will be an exceptional asset to the team. His appointment is a mark of our commitment to our clients to always have the best team in place to guide them in their wealth management strategies."

Rakesh has done B.Tech from IIT-Kanpur and MBA from Jamnalal Bajaj majoring in Finance.

About AnandRathi Wealth Management Business: AnandRathi set up in 1994, is one of India's fastest growing full-service securities firm with a presence in more than 350 locations across India and offices in Dubai & Bangkok. AnandRathi is very strongly placed in its Wealth Management services and was recently ranked by Asia Money 2006 poll amongst South Asia's top 5 wealth managers for the ultra-rich. The Company is presently providing Wealth Management services in major metros across India and is planning to extend it to all other major towns in the country.