Ashutosh Pandey
Vice President at Houlihan Lokey
Gurgaon
Summary
Experienced valuation professional with expertise in complex securities and financial products valuation. Over 9 years of experience specializing in contingent considerations, equity allocations, convertible instruments, illiquid debt, and derivative products. Skilled in advanced modelling approaches including Monte Carlo simulations, binomial lattice models, and Black-Scholes model. Also, skilled in Python coding framework for valuation purposes.
Proven leader managing India-based valuation teams and collaborating on end-to-end engagements with US counterparts.
Overview
9
9
years of professional experience
Work History
Vice President
Houlihan Lokey
07.2024 - Current
- Lead the India Complex Securities team and manage end-to-end client engagements, working closely with teams across India and the US.
- Independent fair valuation specialist for complex securities instruments, including contingent considerations, incremental borrowing rates (IBR), equity allocation in complex capital structures, convertible and prepayable debt instruments, SPAC warrants, and SAFE notes.
- Skilled in Monte Carlo simulations, binomial lattice, and Black-Scholes and Black-Derman-Toy modeling frameworks.
- Skilled in Python to value contingent considerations, equity allocations, and performance stock units, etc.
- Oversee and mentor staff, ensuring high-quality deliverables, and seamless collaboration with U.S. offices.
Assistant Manager
KPMG Global Services
10.2021 - 07.2024
- Led the extended India team for U.S. Complex Securities Valuation and Modeling.
- Executed fair valuations of contingent considerations, warrants, common stock valuation, convertible notes, contingent considerations etc.
- Built bespoke, client-specific valuation models aligned with instrument structures.
- Valued illiquid debt instruments using independent methodologies.
Solution Advisor
Deloitte
05.2019 - 10.2021
- Delivered independent valuations for complex securities as part of the New York based team.
- Worked on option-embedded debt instruments, performance stock units, convertible notes, warrants, and 409A valuations.
- Built valuation models under Market and Income Approaches; prepared option pricing models for equity allocations.
Senior Analyst
JP Morgan Chase & Company
02.2018 - 05.2019
- Conducted independent fair valuation for bonds and swaps in EMEA portfolios for the bank.
- Proposed valuation adjustments based on price variances compared to the trading desk marks.
- Automated manual valuation processes to improve efficiency.
Analyst
Cognizant Technology Solutions – UBS
05.2016 - 02.2018
- Performed independent valuations under U.S. GAAP for Rates and FX portfolios.
- Conducted IPV, reserves calculation, and TOTEM submissions for swaptions, inflation-linked products, and exotic instruments.
Education
PGDM - Finance
Institute For Financial Management And Research
Chennai, India 04.2001 -
Bachelor of Technology - Electronics And Instrumentation
United College of Engineering And Research
Prayagraj, India 04.2001 -
Skills
- Contingent Consideration
- Incremental Borrowing Rates
- Equity Allocation in complex capital structures
- Convertible/Pre-payable Debt
- SAFE Notes
- Performance Stock Options
- SPAC Warrants
- Python Coding
- Monte Carlo Simulation
- Option Pricing Models
- Binomial Lattice Model
- Black Derman Toy (BDT) Model
Timeline
Vice President
Houlihan Lokey
07.2024 - Current
Assistant Manager
KPMG Global Services
10.2021 - 07.2024
Solution Advisor
Deloitte
05.2019 - 10.2021
Senior Analyst
JP Morgan Chase & Company
02.2018 - 05.2019
Analyst
Cognizant Technology Solutions – UBS
05.2016 - 02.2018
PGDM - Finance
Institute For Financial Management And Research
04.2001 -
Bachelor of Technology - Electronics And Instrumentation
United College of Engineering And Research
04.2001 -
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