Dayanand G. Palankar
Thakurli (East)
Summary
Dynamic investment banking professional with over 13 years of extensive experience, offering a robust blend of expertise in process management, migrations, transitions, project governance, and client management. Proven specialization in capital markets, including derivatives, banking operations, and comprehensive oversight of trade life cycles. Demonstrated proficiency in cash and position reconciliation, hedge fund accounting, and wealth management, along with strong leadership capabilities in middle office operations and fund accounting. Committed to driving efficiency and excellence within high-stakes financial environments.
Overview
14
14
years of professional experience
5
5
Languages
Work History
Manager- Financial Expert
PKMG and Company LLP (Vaipan Ventures Private Limited)
08.2024 - Current
- Conducted in-depth fundamental research and analysis on multiple companies to assess investment opportunities.
- M-profit is a tool used for accounting, reconciliation purposes, portfolio setup, data importing, and client data.
- Monitored company and industry news, regulatory updates, and economic indicators to identify risks and catalysts.
- Participated in earnings calls, management meetings, and investor conferences for key portfolio companies.
- Mentored junior analysts and interns on fundamental analysis and research processes in different sectors.
- Preparing weekly MIS reports for portfolio management and asset classes, sent to the promoter and stakeholders.
- Maximized performance by monitoring daily activities and mentoring team members.
- Prepared a research report on various sectors like power, fertilizers, and PSU banks industry.
- Weekly MIS reports are prepared, and books of accounts are reconciled.
Associate Manager
Sutherland Global Services Mumbai Pvt Ltd
11.2021 - 01.2023
- Monitoring and sourcing of external hedge fund investments while ensuring the documentation provides up-to-date information that is consistent with the requirements.
- Reviewing the hedge fund documentation, including the prospectus, audited financial statements, track records, and inputting the key elements into the fund tracking system.
- Analyzing the fund balance sheets and/or schedule of investment or risk reports to identify the use of leverage and liquidity of the investment portfolio.
- Conducting reputation checks on the hedge fund, their investment manager, and key staff.
- Input NAV and performance provided by the hedge fund or their third parties, and follow up with hedge fund managers or their service providers when NAV/performance data is not provided in due course.
- Raising alerts to the onshore team upon large moves in NAV and/or performance.
- Participating in the internal classification of fund counterparties and fund underlings as they are being onboarded.
- Delivering the highest service levels to clients, and ensuring compliance with internal policies and procedures. Ensuring preparation and delivery of daily, weekly, and month-end PNL & NAV in an accurate and timely manner. Preparing and publishing the MIS report to the management. Discussing the internal and external errors from time to time during the daily huddle call.
Emerging Team Leader
State Street Corporation
06.2016 - 10.2021
- Handling 5 members of the team in Mumbai, also reporting work allocation for a 15-member team of JV (HCL State Street).
- Ensuring all daily cash and securities reconciliations are completed accurately on a weekly, biweekly, and monthly cycle as per the CDM requirement.
- Perform daily cash and position reconciliations between custodian and investment manager accounts.
- Communicating with the internal team for outstanding break resolution and escalating the aging breaks to the CDM for resolution.
- Research all outstanding cash and position breaks, which include accounting trade, interest dividend, forwards, and pay down entry posted or not. If there is a discrepancy, it will be reported to CDM.
- Conducting training sessions for new joiners, weekly meetings, and daily team huddles to ensure important updates are passed on to the team.
- Manual matches of intraday transactions on Intellimatch, ensuring all the intraday cash reconciliations are done correctly, and investigating further.
- Performed Nostro reconciliation across all currencies, and ensured that all breaks are cleared as per SLA.
- Expertise in providing quality and complex client service support to internal Client Service Managers on a daily basis. Knowledge of SWIFT in messages such as MT103 and MT202.
- Prepare KPI (MIS) and KRA for the client and higher management.
Senior Analyst
Eclerx Services Ltd.
10.2011 - 06.2016
- Setting up a client portfolio on the Advent-Axys tool for new clients acquired by the Investment Representatives.
- Working on OTC products such as derivatives, bonds, equity, commodities, real estate, and their asset allocation and research for various products.
- Preparing the profit and loss statement of the HNI clients, used by Investment Representatives to evaluate the performance of the client portfolio after involving an indepth analysis.
- Ensure all daily controls and processing are completed and signed off, including client service inquiry resolution, cash and stock break management, as well as event management.
- Managing a range of daily, weekly, and monthly controls to ensure completeness of processing and that any inappropriate postings, matching, etc. It is identified and resolved promptly.
- The process involves investigating the trade throughout its life cycle by extracting information from various systems, and liaising with the operations teams and dealers spread across the globe.
Education
MBA - Finance
Mumbai Institute of Management And Research
Mumbai 04.2001 -
Bachelor of Commerce (B.COM) - Commerce
Model College
Dombivli06-2008
Higher Secondary Certificate (HSC) - Commerce
Model College
Dombivli06-2005
Secondary School Certificate (SSC) - High School Teaching
St Mary’s
Dombivli06-2003
Skills
Investment analysis certification
Achievements/ Extra Curricular Activity
Awarded thrice with Spot Reward for excellence in work in eClerx Service ltd. Participated in International Finance Conference on ‘The role of Financial Innovations for Corporate Sustenance and Growth. Awarded Client Appreciation and Employee Appreciation for the best training and allocated work completed on time.
Declaration
I hereby confirm that all the information furnished is true to the best of my knowledge. Place: Dombivli Date: 2025-09-24 Dayanand Palankar
System Knowledge
Intellimatch, Bloomberg, MCH, Aladdin, Spectra, Fund Tracking System, Business Intelligence tool and Airtable, IMT portal, Aspire and DTCC system, Itracs application
Personal Information
- Father Name: Gangadhar A. Palankar
- Date of Birth: 1987-06-21
- Address: E/406, 4th Floor, Mangeshi Dazzle, New 90 Feet Road, Nr Balaji Aangan, Thakurli (East) 421201.
- Marital Status: Married
Timeline
Manager- Financial Expert
PKMG and Company LLP (Vaipan Ventures Private Limited)
08.2024 - Current
Associate Manager
Sutherland Global Services Mumbai Pvt Ltd
11.2021 - 01.2023
Emerging Team Leader
State Street Corporation
06.2016 - 10.2021
Senior Analyst
Eclerx Services Ltd.
10.2011 - 06.2016
MBA - Finance
Mumbai Institute of Management And Research
04.2001 -
Bachelor of Commerce (B.COM) - Commerce
Model College
Higher Secondary Certificate (HSC) - Commerce
Model College
Secondary School Certificate (SSC) - High School Teaching
St Mary’s