SBICAP Securities Limited, a full-service brokerage and investment services firm and a group company of the State Bank of India, has appointed Ayaskant Mohapatra as its Chief Technology Officer (CTO). The appointment comes as the company continues to strengthen its technology infrastructure and advance its digital transformation efforts.
Mohapatra brings 25 years of experience in information technology, with expertise in managing large-scale technology functions. His experience includes using technology to support business growth, improve operational efficiency, strengthen security and develop scalable systems that meet changing business requirements.
Before joining SBICAP Securities, Mohapatra held key positions at BOBCARD, YES Securities, Axis Securities and HSBC InvestDirect. His experience across the financial services sector is expected to support the company’s technology strategy, strengthen its digital capabilities and improve the delivery of secure, seamless and customer-focused services.
Commenting on his appointment, Ayaskant Mohapatra, Chief Technology Officer at SBICAP Securities Limited, said, “I am delighted to join SBICAP Securities at an exciting time in its growth journey. Technology will be a key enabler in taking the organisation to the next level by driving innovation, accelerating digital transformation, enhancing operational efficiency, and strengthening security. I look forward to working closely with the leadership team to build a scalable, agile, and future-ready technology ecosystem that delivers seamless customer experiences and creates sustainable business value. Together, we aim to harness emerging technologies to unlock new opportunities and further strengthen SBICAP Securities’ position in the evolving financial services landscape.”
Baldev Prakash, Managing Director and CEO of SBICAP Securities Limited, said, “We are delighted to welcome Ayaskant to SBICAP Securities. His extensive experience leading enterprise technology functions and his deep understanding of the financial services ecosystem will be valuable as we continue to strengthen our technology infrastructure and digital capabilities. We remain focused on leveraging technology to enhance the customer experience, drive operational excellence, and support the company’s next phase of growth.”
With this appointment, SBICAP Securities aims to build a stronger, more agile and future-ready technology ecosystem. The company will continue to focus on improving customer experience, supporting its strategic priorities and adapting to the changing needs of the financial services industry.
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