The following statement was released by the rating agency) TOKYO/HONG KONG, April 11 (Fitch) Fitch Ratings-Tokyo-11 April 2017: Fitch Group has announced the appointment of Rohit Sawhney as chief executive officer of India Ratings and Research Private Limited (Ind-Ra), effective immediately. “With his extensive and diversified track record of leadership and experience, I am confident that as our new CEO in India, Rohit will build upon Ind-Ra’s market-leading reputation for quality, insightfulness and excellence,” said Brett Hemsley, Fitch Group’s Head of Asia-Pacific. “Rohit joins a great team at Ind-Ra, at an exciting time in the development of the local capital markets, and I am very much looking forward to working with him.” Prior to joining Ind-Ra, Mr Sawhney had been at Royal Bank of Scotland in various roles, most recently as Managing Director, Head of Global Transaction Services, Asia Pacific. He has also worked at ABN AMRO Bank and ANZ Grindlays Bank. Mr Sawhney holds a B.A. (Honours) Economics and a M.A. Economics from The University of Delhi, India. Ind-Ra is committed to providing India’s credit markets with accurate, timely and prospective credit opinions. Building on a foundation of independent thinking, rigorous analytics, and an open & balanced approach towards credit research, Ind-Ra currently maintains coverage of corporate issuers, financial institutions (which includes banks and insurance companies, finance & leasing companies and managed funds), urban local bodies, structured finance and project finance. Headquartered in Mumbai with six branch offices located at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad and Kolkata, Ind-Ra is recognised by the Securities and Exchange Board of India, the Reserve Bank of India and National Housing Bank.
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