Chennai, Sept 8: Association of Investment Bankers of India (AIBI), the investment bankers’ sole representative body to SEBI and various statutory authorities, announced the appointment of Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt Ltd. as its Chairman for two years starting September 2023.
A press release said,”The Chairperson of AIBI represents Investment Bankers on the Primary Market Advisory Committee (PMAC) of SEBI, and has been active in representing the members’ views, comments, and suggestions on various regulatory reforms pertaining to the capital markets.”
AIBI also announced the appointment of Arjun Mehra, MD of J.M. Financial, and Prem D’Cunha, SVP & Head – ECM Execution at ICICI Securities as its Vice Chairmen.
Mahavir Lunawat of Pantomath Capital Advisors, said, “In this rapidly evolving industry, it is imperative that we continue to advocate the orderly growth of capital market, keep interest of investment bankers aligned and promote best practices via strategic measures. I am thankful to AIBI’s vote of confidence in appointing me as the Chairman. This position gives me an opportunity to foster an ecosystem of building innovation via growth achieved within the AIBI framework. I am truly honoured to serve as the Chairman of AIBI and look forward to working collaboratively to drive the Association’s mission forward.”
Prithvi Haldea, founder-chairman, Prime Database, who has been an Honorary Advisor to AIBI for over a decade, said, “AIBI is the thought leader and a nodal point for assimilation and dissemination of information relating to the investment banking industry. AIBI ensures that our members are abreast with the latest regulations/guidelines issued by various statutory authorities, as also other matters of interest. The association also plays a pivotal role in recommending dynamic changes to the regulatory bodies. Over the past decade, the investment banker landscape has evolved along with the scope of work, and Lunawat’s experience across the value chain will give a renewed direction to the association and the marketplace.”