Ambit has hired Vikrant Narang as head - NBFC / structured finance, plus the business has brought in Sunil Gulati as an external senior adviser.
Narang joins Ambit from KKR's NBFC business, where he has led several transactions over the past four years.
He has extensive experience across structured finance, acquisition financing, syndicated loans and corporate finance in onshore and offshore markets – he was earlier with Barclays, ABN AMRO, and PWC.
Sunil brings three decades of global experience in the banking industry with Bank of America, ING, and Yes Bank. And until recently, he was the chief risk officer for RBL Bank.
Said Ambit Investments chief executive officer Sanjay Sakhuja: “In its new avatar, Ambit’s NBFC business, along with co-investors, will focus on providing structured lending solutions to our clients, with ticket size up to INR250 crore.”
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