Evolvence Capital Expands India Platform
Appoints head of India operations to direct corporate investment strategy
Evolvence Capital, the leading alternative assets manager focused on the Middle East and South Asia, today announced the appointment of a new team of investment and advisory professionals for its India operations. These appointments underline the company’s commitment to the India market and its importance within Evolvence’s Middle East and South Asia focused investing strategy.
The team will be led by Ashok Ramaswami who brings extensive global investment and financial management experience to Evolvence Capital as the company pursues the next stage of its growth in India. Prior to joining Evolvence, Ashok was with Blumberg Capital in the United States where he led investments and managed financial and operational initiatives across many of the company’s portfolio. He also was a lead manager of investments in emerging businesses at Cisco Systems where he was involved in the formation of five new business units projected to generate over $1 billion in revenues for the company. At the Investment Banking division at Deutsche Bank Securities, Ashok had overall responsibility for M&A, corporate finance, and other capital market activities across various sectors.
Ashok will be responsible for the development of Evolvence’s investment strategy across India.
Commenting on the appointment, Khaled Al Muhairy, Chief Executive Officer of Evolvence Capital, said:
“India is an important market for us. We have long understood that in order to be successful in any market, it is vital to have an on-the-ground presence. To build on the business momentum and our success in India, we are delighted to have an executive of Ashok’s calibre and track record to lead the next stage of the development of our operations in the country. He brings a wealth of experience to our rapidly growing emerging markets capabilities and will add tremendous value to our operations.”
Ashok Ramaswami added:
“It is a pleasure to join Evolvence Capital at a key time in the firm’s regional expansion drive. Evolvence Capital has an excellent track record in the Middle East and South Asia with an established regional network. India presents excellent opportunities and I look forward to leading Evolvence’s development in the country.”
Ashok holds an MBA from Harvard Business School, USA, Masters degrees from Stanford University School of Engineering, California, USA and a Bachelor’s degree in Computer Science from the National Institute of Technology, India.
