Financial services firm Avendus on Monday announced the elevation of Karan Sharma as Managing Director and Head of Investment Banking, effective immediately.
In his new role, Sharma will oversee the investment banking business, including its strategic direction and growth initiatives, according to a company statement.
Sharma has been with Avendus for over 15 years and has contributed to building its digital and technology practice, working with founders and investors across India’s technology ecosystem. He will take over from Gaurav Deepak, co-founder and CEO of Avendus Group, who had been leading both the firm and its investment banking business for several years.
“Over the past decade and a half, I have had the privilege of building alongside an exceptional team, and working with the entrepreneurs, businesses, and investors who have shaped our success. As we look ahead, my focus will be on strengthening client partnerships, deepening our sector expertise, and reinforcing Avendus’ position as the trusted advisor to India’s most ambitious businesses,” said Sharma.
Prior to this role, Sharma served as Managing Director and Co-Head of Digital, Technology and Consumer Investment Banking, according to the company’s website.
“As Avendus grows in scale and ambition, we have reached a point where the next phase of growth requires dedicated leadership for our investment banking franchise,” said Gaurav Deepak, co-founder and CEO, Avendus Group.
“Karan’s leadership, his ability to build and develop teams, his deep client relationships and his role as an ambassador of our culture over the past 15 years make him the natural choice to lead it, backed by a talented set of leaders scaling their own verticals. The strength and depth of the IB team gives me tremendous confidence in our future. With Karan taking on this responsibility, I will be able to focus more fully on the firm’s broader strategic priorities, deepen engagement with our clients, and help shape the next phase of growth for Avendus,” he added.
