AVADHUT LAD
Mumbai
Summary
Dealing has been the cornerstone of my professional journey, playing a critical role in ensuring best-price execution, maintaining daily VWAP, and aligning trade strategies with investment objectives across PMS, AIF, and offshore mandates. With over a decade of experience in the capital markets, I bring deep expertise across broking, clearing, settlement, and buy-side operations, with a strong focus on PMS, where I’ve spent the last nine years driving operational excellence. My strategic approach to dealing has transformed it from a transactional function into a performance-driving capability, supported by automation, system integration, and robust risk controls. Proficient in both the Bloomberg Terminal and the Wealth Spectrum System, I have leveraged these platforms to enhance market intelligence, optimize order execution, streamline reconciliation, and support precise fund accounting. I have led process enhancements across firms, managed comprehensive UAT cycles, and ensured regulatory compliance, while also optimizing stakeholder reporting and operational workflows. Recognized for streamlining both front- and back-office functions, I have consistently delivered value through disciplined trade execution, strong governance, and a forward-thinking operational mindset.
Overview
14
14
years of professional experience
Work History
Equity Dealer
Old Bridge Capital Management Private Limited
Mumbai
06.2024 - Current
- Ensuring deal execution with 100% accuracy for a portfolio comprising PMS, AIF, and advisory funds with a combined AUM of 12,000 crore, where the investment universe spans across large-cap, mid-cap, and small-cap stocks.
- Track the bids and offers to buy or sell securities. Allocated block trades for representatives with large positions to accumulate or liquidate.
- Evaluated company and market trends to optimize strategies. Tracked daily movements in markets across multiple asset classes globally.
- Reported on monthly trading activity and volumes for management teams. Corrected trade errors, and kept accurate documentation for records and audits.
- Discussed ideas and strategies to improve operational efficiency, adding value and aiding business performance for continuous improvement.
- Complete compliance with internal and external limits by adhering to regulations, sector, and stock-specific limits, as defined in the Investment Policy.
Manager-Equity Dealer (Buy Side)
Nippon Life India Asset Management Limited
Mumbai
10.2022 - 06.2024
- Part of the investment team, with responsibilities like equity dealing and market monitoring, to find stock ideas and opportunities for trade.
- Fund portfolio tracking for active profit booking, and timely exits.
- Ensuring deal execution with 100% accuracy for a portfolio comprising PMS and non-discretionary funds with a combined AUM of 10,700 crore, where the investment universe spans across large-cap and mid-cap stocks.
- Complete compliance with internal and external limits by adhering to regulations, sector, and stock-specific limits, as defined in the Investment Policy.
Manager
Nippon Life India Asset Management Limited
Mumbai
06.2021 - 09.2022
- Actively managing Portfolio Management Services (PMS), Fund Accounting, ensuring accuracy and compliance.
- Consistently calculating performance fees and brokerage, emphasizing financial precision.
- Executing detailed reconciliations for the Trial Balance, AUM, Bank, and Stock, ensuring consistency.
- Checking corporate actions with due diligence to maintain integrity, ensuring timely vendor payments, and optimizing payment cycles.
- Generating precise MIS reports for informed decision-making, regularly reporting to SEBI, and adhering to regulatory standards.
- Calculating brokerages accurately, optimizing financial operations, ensuring compliance reporting, and adhering to industry standards.
- Adeptly preparing and presenting data for board meetings, and collaboratively overseeing daily PMS activities alongside team members.
- Conducting both statutory and internal audits, ensuring organizational transparency.
- Focusing on the detailed financials of both PMS equity and debt clients, additionally serving as a standby dealer for added operational support.
- Efficiently executing trade schemes such as rebalancing, redemption, and subscription.
- Utilizing the Wealth Spectrum Application for trade executions under the Fund Manager's guidance.
Deputy Manager
Invesco India Asset Management (India) Limited
02.2019 - 05.2021
- Conducted custodian bank reconciliations, focusing on cash, assets, and market value; additionally, activated and settled trade equities efficiently.
- Automated the trading process, significantly reducing manual interventions with the aid of system capabilities.
- Handled daily BAU activities, ensuring smooth operations, and calculated offshore NAV with precision.
- Analyzed data and prepared intricate ad-hoc reports for stakeholder consumption.
- Conducted User Acceptance Testing (UAT) across diverse processes.
- Applied necessary changes to the system as per regulatory requirements, such as producing Monthly SEBI Reports, managing Redemption Payouts, and generating PMS Investor Reports.
- Successfully launched the Wealth Connect system, catering to investors, distributors, and relationship managers.
- Demonstrated a robust understanding of the Wealth Spectrum and Wealth Connect applications.
- Oversaw and completed both statutory and internal audits, ensuring compliance and transparency.
Executive
ICICI Prudential Asset Management Limited
08.2016 - 01.2019
- Managed Portfolio Management Services (PMS), Fund Accounting, to ensure accuracy and compliance.
- Calculated performance fees and brokerage with precision and consistency.
- Conducted detailed reconciliations for the Trial Balance, AUM, Bank, and Stock to maintain financial integrity.
- Handled corporate actions, ensuring they align with company directives and stakeholder interests.
- Oversaw timely vendor payments, optimizing cash flow and vendor relationships.
- Generated detailed MIS reports, providing insightful data for decision-making.
- Managed daily BAU activities to ensure operational efficiency and activated clients in a timely manner, adhering to company standards.
- Made sound mutual fund (MF) investment decisions to maximize returns.
- Created reports, ensuring they provide accurate, and insightful information.
- Efficiently settled trades, ensuring compliance and profitability, and oversaw client redemption payouts, ensuring timeliness and accuracy.
Assistant Manager
Bombay Stock Exchange (ICCL)
09.2015 - 08.2016
- Managed pay-in and pay-out operations, ensuring timely and accurate transactions.
- Addressed pay-in shortages, minimizing operational disruptions, and regularly reconciled financial entries, ensuring financial accuracy.
- Oversaw the auction and closeout processes for settlement shortages, ensuring compliance and recovery.
- Invested funds judiciously in liquid and fixed deposits, utilizing bank pool accounts.
- Tracked the release and collection of funds on a daily basis, ensuring liquidity and operational efficiency.
- Inputted the necessary accounting entries into the system, maintaining a clear financial record.
- Managed cash flow intricacies specifically for the clearing and settlement process.
Assistant Manager
Kotak Securities Limited
10.2011 - 09.2015
- Mapped brokerages for various client types, including Normal, NRI, and PMS, adhering to the approved matrix.
- Processed trades across diverse segments, such as Equity Derivatives, Currency Derivatives, and Equity.
- Generated monthly MIS reports, focusing on regulatory requirements to ensure compliance.
- Conducted UCC and margin reporting to the exchange, adhering to established broking standards.
- Managed corporate actions, ensuring timely and accurate execution.
- Generated contract notes and processed bills on a daily basis, ensuring clarity and compliance in all transactions.
Education
Master of Commerce - Management
University of Mumbai
India01.2013
Bachelor of Commerce - Account and Finance
University of Mumbai
India01.2011
Skills
- Bloomberg Terminal
- Equity dealing
- Block Deal Execution
- Wealth Spectrum System Operations
- Trade Execution and Settlement
- User Acceptance Testing (UAT)
- Fund Accounting
- Portfolio Management Services (PMS)
- Reconciliation Management
- Process Improvement
- Regulatory compliance
- MIS and ad-hoc reporting
- Data Analysis and SEBI Reporting
- Client Relationship Management
- Brokerage calculations
- Performance Fee Calculation
- Corporate Actions
- Audit and Review Procedures
- Team Leadership and Management
- Back-office operations
- Risk Assessment & Management
- Vendor Payment Management
- Asset Under Management Analysis
- Board meeting data preparation
- Wealth Connect Application
- BAU Activities Management
- System Automation and Integration
- Offshore NAV Calculation
- Trade Process Streamlining
- Clearing and Settlement Operations
Personal Information
Date of Birth: 12/04/90
Accomplishments
- Orange Cap Award winner for the year 2023 in Nippon India Asset Management PMS
- Sparkle Award Winner in ICICI Asset Management PMS in 2017
- Best Employee of the Quarter award winner at Kotak Securities for 2014
Timeline
Equity Dealer
Old Bridge Capital Management Private Limited
06.2024 - Current
Manager-Equity Dealer (Buy Side)
Nippon Life India Asset Management Limited
10.2022 - 06.2024
Manager
Nippon Life India Asset Management Limited
06.2021 - 09.2022
Deputy Manager
Invesco India Asset Management (India) Limited
02.2019 - 05.2021
Executive
ICICI Prudential Asset Management Limited
08.2016 - 01.2019
Assistant Manager
Bombay Stock Exchange (ICCL)
09.2015 - 08.2016
Assistant Manager
Kotak Securities Limited
10.2011 - 09.2015
Master of Commerce - Management
University of Mumbai
Bachelor of Commerce - Account and Finance
University of Mumbai
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