Equirus Appoints Chitra Shringare as CEO of Custody Business
Equirus has strategically appointed Chitra Shringare as CEO of its Custody Business to strengthen institutional capabilities during a key growth phase. With over 30 years of experience at major institutions like BNY, J.P. Morgan, and Deutsche Bank, she will oversee safekeeping and servicing of financial assets. Her focus will be on building trust, strengthening regulatory frameworks, and leveraging technology for a client-focused platform.
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Equirus has appointed Chitra Shringare as Chief Executive Officer of its Custody Business, marking a strategic move to strengthen the financial services group's institutional capabilities. The appointment was announced on Thursday as part of the firm's expansion strategy in the financial ecosystem.
Leadership Appointment Details
Shringare will oversee the custody business division, which handles the safekeeping and servicing of financial assets including securities and cash. Equirus views this division as a critical component as it expands its presence in the broader financial services market.
| Role Details: | Information |
|---|---|
| Position: | Chief Executive Officer, Custody Business |
| Reporting Structure: | Equirus Group |
| Key Responsibilities: | Safekeeping and servicing of financial assets |
| Strategic Focus: | Institutional capabilities strengthening |
Professional Background and Experience
The new CEO brings extensive experience spanning over three decades in the financial services sector. Her expertise covers multiple areas of banking and financial operations:
- Global transaction banking operations
- Securities and investment operations management
- Risk management frameworks
- Large-scale transformation projects
Shringare has held senior positions across several prominent financial institutions including BNY, J.P. Morgan Services in India and the Philippines, Deutsche Bank Group, SBI-SG Global Securities Services, and ABN AMRO Bank/RBS. Her earlier career includes roles at ANZ Grindlays Bank, the National Stock Exchange of India, and Tata Share Registry.
Educational Qualifications and Current Roles
| Credentials: | Details |
|---|---|
| Academic Background: | B.Sc. in Chemistry, University of Mumbai |
| Executive Education: | Executive MBA, IIM Ahmedabad |
| Current Board Position: | Independent Director, Indian Commodity Exchange Ltd. |
Strategic Vision and Company Outlook
Ajay Garg, Managing Director of Equirus Group, emphasized that the appointment comes during an important growth phase for the company. He highlighted that establishing a strong custody business is foundational as the platform continues to expand its operations.
Shringare outlined her strategic priorities for the role, focusing on three key areas:
- Building trust with clients and stakeholders
- Strengthening regulatory and risk management frameworks
- Leveraging technology to create a resilient, client-focused platform
The appointment reflects Equirus Group's commitment to enhancing its institutional service offerings and building robust operational capabilities in the custody and asset servicing space.
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