Tuesday, 7 August 2012

Xander Group appoints Amar Merani as CEO of Xander Finance


Global Investment firm The Xander Group Inc., today announced the appointment of Amar Merani as Chief Executive Officer of Xander Finance, its Indian NBFC arm which specializes in providing credit to Indian businesses, especially in the infrastructure, real estateand retail sectors.

Amar has had over 15 years of investment banking experience. He has worked on many marquee mergers and acquisitions, Private Equity transactions, IPOs, follow on equity offerings as well as Project and Structured Finance deals.

In his last assignment, Amar was head of the real estate vertical of Kotak Investment Banking, which raised over US$1.5bn of capital for leading real estate developers such as Oberoi Realty, Prestige Estates, Mahindra Lifespaces, Godrej Properties, Jaypee group, Keystone Realtors (Rustomjee), Sunteck Realty, Orbit Corporation and Vascon Engineers in their public or private equity offerings to international and domestic institutional investors.

Additionally, he led corporate restructuring-cum-advisory assignments for leading real estate groups such as DLF, HDIL and Divyasree. Under his leadership, Kotak Investment Banking was conferred "Best in Equity Financing" in the Euromoney Poll for Real Estate in 2010 and 2011.

Commenting on Merani's appointment, Sid Yog, Managing Partner, The Xander Group Inc. said, "We are extremely pleased to have Amar join Xander Finance. The wealth of experience and relationships he has in the Indian market is of immense value to our NBFC business which is now two years old and growing rapidly. His appointment reflects the focus Xander has on building a strategically positioned, large and long term debt platform in India, and supplements our private and public equity investment management business and leadership."

Source: economictimes.indiatimes.com

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