Avendus joins Gaurav Sood to lead its equity capital markets practice

Financial services company Avendus tapped Gaurav Sood to lead its foray into the equity capital markets space.

Sood has worked in the Indian capital markets for nearly two decades and has executed high-profile key transactions, according to a statement released by the firm. “He has overseen some of India’s largest and most differentiated IPOs, renowned secondary market blocks, OFS transactions, QIPs and follow-ups,” the statement said.

He co-led the ECM (equity capital market) business at ICICI Securities before joining Avendus and has also worked with institutions including Kotak Securities, ICICI Bank and Morgan Stanley, according to the statement.

“I look forward to working with the team, leveraging their leadership position and strong relationships in the private capital markets to build a premier franchise in the private capital markets,” Sood said, according to the press release.

“Following our ambition to build a strong leadership team for our new public procurement business, I am delighted to welcome Gaurav to the Avendus family and delighted to have someone of his caliber leading this mission for us. Under Gaurav’s dynamic leadership, I am confident that we will be able to create a market-leading ECM practice,” said Gaurav Deepak, co-founder and CEO of Avendus Capital.