Bhubaneswar, October, 2012: Axis Bank today announced the launch of Axis Capital, upon completion
of the required legal processes for the transfer of the financial services
business of Enam Securities Private Limited (Enam) to a wholly owned subsidiary
of Axis Bank.
Axis Capital, combines Axis Bank’s financial strength and Enam’s
expertise to create a vibrant financial services powerhouse by bringing
together Axis Bank’s commercial banking and debt capital markets franchise and
Enam’s investment banking and equities franchise.
The investment and financial advisory business of Enam which
provides solutions to institutional and corporate clients will also be a part
of Axis Capital and will work in close conjunction with Axis Bank’s private
Axis Capital will be headed by Mr. Manish Chokhani as its Managing
Director and CEO.
Speaking on the occasion, Mr. Manish Chokhani said, “We now have compelling capabilities to service our corporate
clients spanning credit, equity and advisory, creating an unbeatable value
offering. For the investors, we offer unmatched access to and insights about
corporates (large, mid, SME) and a continuation of our established
institutional and retail investor franchise. Our clients will now be able to
avail of a wide spectrum of best in class services and products. We are
committed to making this combination achieve its full potential.”
Axis Capital will also focus on developing and creating future
leaders and aims to be an iconic organization to work for in the financial