Ambar Maheshwari appointed as Indiabulls CEO for AIF

Ambar Maheshwari, CEO Indiabulls

Indiabulls Asset Management Ltd, has anounced the appointment of Ambar Maheshwari, as CEO, Alternate Investment Funds. Maheshwari has over 19 years of experience in corporate finance and consulting across a wide range of industries. Maheshwari was managing director of corporate finance at realty consultant Jones Lang LaSalle. Other than this he has served key positions in companies such as DTZ, KPMG, Ambit Corporate Finance and Infrastructure Leasing & Financial Services. As a MD of Corporate Finance at Jones Lang LaSalle, he was responsible for the overall establishment, direction and growth of the business. Mr. Akshay Gupta, group executive head, asset management, private equity and private wealth at Indiabulls Group said that, “The Alternate Investment Funds will allow the investors to participate in the Real Estate Financing space. Indiabulls Group is well positioned to manage such funds and Ambar will head a high caliber team which will help in achieving the stated objectives of the funds when they are launched.” The fund will invest primarily in debt securities through listed non-convertible debentures of developers undertaking residential projects in top 7 property markets of the country. Indiabulls Housing Finance will be the sponsor of the fund. Indiabulls Real Estate Fund will invest in secured debt of these developers.