Amit A. Deshpande

Disciplined and innovative leader with over 22 years of experience in Equities, Prime Brokerage, and Listed Derivatives. Expertise spans trade lifecycle functions including trade support, client service, and risk management. Proven track record in strategic planning and operational efficiency, driving company growth through effective relationship management and problem-solving skills. Recognized for delivering innovative solutions that align with organizational goals and enhance scalability.

Series 99 FINRA certified

Global Leadership Program - ISB

• Lead large scale projects such as Emden – Transfer of staff, client positions, delivering operational readiness and defining and implementing global TOM (Target operating model).

Lead multiple Large-scale Transitions

• ~ 70+ FTE transition from US to India at BNPP (2023)
• 30 FTE transition from US to India at BNPP (2020/2021).
• 32 FTEs transitioned from Manila to India at DB in 2020
• Remote transitions, included remote training, virtual hiring, ensuring robust control environment.

Built a standard and robust risk and control review mechanism for equities across functions such as trade support, settlements, reconciliations, and payments landscape

Leading the transformation of the reconciliation landscape globally leading to

• Delivered 90+ enhancements across 150+ reconciliations
• Improvement of STP
• Elimination of duplicate controls
• Platform simplification
• Better control
• Reduction of Day 1 breaks.
• Redefined operating model to build settlements center of Excellence CoE by integrating Cash and prime Brokerage business.
• Reduced capital consumption on equities balance sheet by over EUR 1 bn, leading to P&L impact of over EUR 10 mn
• Streamline Swiss and Swedish auto borrow process leading to saving of over EUR 500K pa.
• Released over EUR 1 billion for the business by optimizing margin, collateral requirements with CCP, from cash to alternative acceptable instruments, leading to EUR approximately 1 million saved by avoiding negative interest rates
• Transitioned and stabilized client service settlements, and subsequent realignment to the wider settlements team, leading to an increase in the settlement rate by 1%
• Designed and implemented workflow tool for operations (with built in business intelligence) in collaboration with technology.
• Breaking silos between Equity settlements and reconciliations leading to 80% reduction in breaks thereby improving control environment.
• Improve STP rate by identifying unmatched issues and fixing the root cause.

• Ability to successfully lead large teams in complex and uncertain times
• Ability to drive and deliver large-scale change projects
• As a part of a large project such as EMDEN (transfer of equities business from DB to BNPP), lead staff transfer (~300+ staff), and client migration (~400+ clients and EUR ~60bn in balances), and ensuring operations readiness for India
• Setting up the Prime Brokerage operations team at BNPP
• Transitions: leading the migration of multiple functions to India, and stabilizing them
• Domain experience – In-depth experience across functions such as trade support, client service, payments, reconciliation, settlements, corporate actions, risk and control, brokerage, clearing, and collateral management spanning the following products
• Equities
• Prime brokerage
• Listed Derivatives
• Setting up and Leading large, diverse and global teams
• Implementing and maintaining robust Risk and Control environment
• Change leadership with focus on Cost control / reduction, Client centricity and Risk & control environment:
• Significant contribution to banks strategic and financial target by delivering 100+ FTE saves and over EUR 10 MN save over a period of 3 years and significant contributions to Driving Large migrations leading to consolidation of teams with minimal to nil significant incidents and audit findings.
• Successfully led operational readiness initiatives for Equities Business in order to be in sync with market / regulatory changes such as T+2, T2S and European short selling regulation, Brexit and driving operational readiness ahead of CSDR.
• Driving intersystem reconciliations transformation program across equities globally, creating settlements center of excellence (CoE)
• US FINRA Series 99 certified to oversee US functions

• Date of Birth 22-Aug-1981
• Current Location Bangalore