ASK Asset & Wealth Management Group has strengthened its senior leadership with the appointment of Nehal Shah as Group Head of Legal, Compliance & Secretarial. The move is aimed at reinforcing the organisation’s legal, regulatory and corporate governance functions as its businesses continue to expand.
Shah brings more than 20 years of experience across legal affairs, compliance, corporate governance and risk management in financial services and capital markets. Her experience covers asset management, investment banking, wealth management, institutional equities, broking, private equity and NBFC operations. She has also worked with regional and global teams on governance matters across multiple jurisdictions.
“Nehal Shah brings over two decades of leadership experience across legal, compliance, corporate governance and risk management within the financial services and capital markets ecosystem,” the company said.
Sameer Koticha, Founder and Chairman of ASK Group, said, “As our businesses continue to grow, evolve & diversify, strong governance, regulatory stewardship and institutional rigour remain fundamental to the way we operate. “Nehal’s breadth of experience across financial services, coupled with her deep understanding of legal and regulatory frameworks, will further strengthen these capabilities across the Group. We look forward to her leadership and contribution to ASK’s next phase of growth,”
Shah’s experience across financial services
Shah joins ASK Group from Ambit Group, where she served as Executive Director and Group Head of Legal and Compliance. Her previous roles include senior positions at Deutsche Asset Management India, YES Asset Management and CARE Ratings. She has also worked with Aditya Birla Group and Fidelity India, where she began her career.
Her work has involved advising boards and senior management on regulatory and governance matters, handling regulatory interactions and investigations, developing compliance frameworks, and supporting strategic transactions. She also has experience with SEBI regulations, capital markets, corporate restructuring and regulatory change management.
“I look forward to partnering with the leadership and businesses across the Group to further strengthen its legal, compliance and governance framework while supporting sustainable growth and maintaining the highest standards of regulatory and ethical conduct,” Shah said.
Sandeep Parekh, Managing Partner at Finsec Law Advisors, said, “Nehal has worked across the breadth of the capital markets and wealth management business, and has handled significant advisory and transactional work through varying market cycles,” He added, “She combines a sound understanding of regulation with a clear commercial sense,”
Shah is an alumna of Mumbai University and a member of the Institute of Company Secretaries of India (ICSI).
The appointment comes amid wider hiring activity across the financial sector. Barclays’ Indian unit recently appointed Sonali Sharma as Managing Director, Head of Legal, including its Global Capabilities Centre, and lead for regulatory and government relations. Apeksha Sawant joined Allianz Jio Reinsurance as Chief Legal & Compliance Officer, while Unity Small Finance Bank appointed Mukesh Kumar Choudhary as National Head of Legal in April.
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