Modulus Alternatives Appoints UBS Veteran Sandeep Agarwal as Private Credit CEO
Modulus Alternatives Investment Managers has appointed Sandeep Agarwal, former head of UBS Mumbai branch, as CEO of its private credit business. Agarwal brings 30 years of experience across private credit, fixed income, and investment banking from institutions including Credit Suisse, JPMorgan Chase, and Deutsche Bank. The move comes as Asia-Pacific private credit market is projected to grow from $59.00 billion in 2024 to $92.00 billion by 2027. Modulus, backed by industry veterans Jaspal Bindra and Alok Agarwal, has deployed ₹30.00 billion across its credit platform and operates two funds generating 16-17% returns.
*this image is generated using AI for illustrative purposes only.
Modulus Alternatives Investment Managers has strengthened its leadership team by appointing Sandeep Agarwal, a seasoned banking professional from UBS Group AG, as chief executive officer of its private credit business. The hiring reflects the growing demand for experienced talent in India's expanding private credit sector.
Leadership Appointment Details
Agarwal joined the Mumbai-based private credit firm earlier this year, bringing extensive expertise to drive the company's growth strategy. The appointment fills the position vacated when Rakshat Kapoor departed in June to join Motilal Oswal Financial Services as head of their private credit business.
| Parameter: | Details |
|---|---|
| New Role: | Chief Executive Officer, Private Credit Business |
| Previous Position: | Head of UBS Mumbai Branch |
| Industry Experience: | Nearly 30 years |
| Start Date: | Earlier this year |
Professional Background and Experience
Agarwal brings a wealth of experience from his tenure at UBS, where he headed the Mumbai branch operations. His career spans nearly three decades across multiple financial disciplines, including private credit, fixed income, and investment banking. Throughout his professional journey, he has held significant roles at several prestigious financial institutions:
- Credit Suisse Group AG
- JPMorgan Chase & Co.
- Deutsche Bank AG
- UBS Group AG
Market Growth and Opportunities
The appointment comes at a time of significant expansion in the Asia-Pacific private credit market. According to the Alternative Investment Management Association, the regional market is experiencing robust growth trajectory with strong fundamentals.
| Market Projections: | Value |
|---|---|
| 2024 Market Size: | $59.00 billion |
| 2027 Projected Size: | $92.00 billion |
| Leading Markets: | India, Australia, Japan, Singapore |
| Report Date: | November |
Company Profile and Performance
Modulus Alternatives operates under the backing of prominent industry veterans, including former Standard Chartered Asia chief Jaspal Bindra and Alok Agarwal, the former chief financial officer at Reliance Industries Ltd. The firm has established a strong presence in the private credit space with substantial deployment and consistent performance metrics.
| Business Metrics: | Performance |
|---|---|
| Total Deployment: | ₹30.00 billion ($333.00 million) |
| Active Funds: | Two private credit funds |
| Return Range: | 16-17% |
| Business Focus: | Private credit platform |
The company's track record demonstrates its ability to generate competitive returns while maintaining a diversified credit portfolio across various sectors and investment opportunities.
Strategic Implications
Agarwal's appointment positions Modulus Alternatives to capitalize on the expanding private credit opportunities in the Indian market. His extensive experience across multiple financial institutions and deep understanding of credit markets will be instrumental in driving the firm's growth strategy and enhancing its competitive position in the evolving alternative investment landscape.
15
