IDFC appoints Ajay Mahajan as Group Head of New Initiatives

Ajay MahajanInfrastructure finance company IDFC Ltd  has appointed Ajay Mahajan as group head of new initiatives with a particular focus on asset diversification.

Mahajan will report to Dr Rajiv Lall, executive chairman of IDFC.

Mahajan has 23 years of experience in banking and financial industry. He  started his career with Bank of America in the 1990s, rising to the rank of an MD.  He set up his own ventures FICC Capital, and R-square Advisors, providing quant-oriented risk management, fixed income and credit modeling solutions to clients.

Prior to setting up his entrepreneurial ventures, Mahajan played crucial role in setting up UBS's banking business in India as MD, Head - FICC & Institutional Banking. 

He also had an over our-year stint at Yes Bank where he was responsible for financial markets, financial institutions and investment management functions.

Mahajan served as a director on the Board of Fixed Income, Money Markets and Derivatives Association of India (FIMMDA), promoted by banks and financial institutions to facilitate the development of securities and derivatives markets in India. 

He has done his Masters from Faculty of Management Studies and holds B.E. (Hons) Electrical & Electronics Engineering from BITS Pilani and CFA from the CFA institute, USA.