Summary
Overview
Work History
Education
Skills
Affiliations
Languages
Accomplishments
Certification
Timeline
Generic

Lalit Gaikwad

Mumbai

Summary

Highly-motivated employee with desire to take on new challenges. Strong work ethic, adaptability, and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills.

Overview

10
10
years of professional experience
1
1
Certification

Work History

Custody Operation -Corporate Action - Manager

HDFC Bank Ltd
Mumbai
12.2024 - Current
  • Responsible for the daily interpretation and monitoring of corporate action (monetary and non-monetary) events.
  • Creating events through bilav vendor sources.
  • Sending Ex-date entitlements reports to the entitled clients on the Ex-date within TAT.
  • Daily reconciliations for dividends, securities, and suspense transactions. After reconciliation, transfer the dividend amount into the respective clients' bank accounts within the TAT.
  • Follow up with companies and RTA for the non-receipt of dividends or shares.
  • Reconciliation and settling the shares on the system upon receipt of credits from corporate actions (bonus, stock split, demerger, merger, capital reduction). Tracking the listing approval for corporate action event shares.
  • Handling voluntary events, end-to-end activities, within TAT. (Buyback, Rights issue).
  • Handling customer queries through emails and phone calls with the backend team, and ensuring timely execution of deviated instructions within TAT.
  • Daily using the NSDL/CDSL live system to check statements and CML copy.
  • Processing of meeting events, voting instructions before the end date of the meeting, and reporting to the clients.

Corporate Action - Asst. Manager

SBI-SG Global Securities Services Pvt Ltd
Mumbai
11.2020 - 12.2024
  • Research, evaluate, and process corporate action information from various sources (bulletins and circulars issued by the exchanges, viz: BSE/NSE) on a daily basis or as received.
  • Maintain corporate action information databases, and ensure information is entered and distributed in a timely and accurate manner. Ensure all updates are made in the appropriate system.
  • Research and evaluate late corporate action information. Ensure all corporate action events are captured and validated to mitigate the risk associated with corporate action events.
  • Intimating accurate, comprehensive, and timely corporate action information to the domestic and FPI clients through email and Swift messages (MT564/MT566).
  • Liaise with internal departments to ensure queries are resolved or responded to within a timeframe and in a manner sensitive to the urgency of the event, thereby ensuring that internal and external client satisfaction is maintained.
  • Monitoring the pending receivable dividends in the client’s bank account within the cutoff time. Informing the same to the client and providing the cash flow report within the deadline.
  • On the receipt of the cash dividends and other benefits from corporate actions, prepare the tax reporting file for all our FPI clients, and send it to the respective tax consultant for their review. - Repatriate the dividend amount on the receipt of the instruction (MT599) received from FPI clients. Pass the necessary FX entry in our system, and send an email to the Cash team for FX booking.
  • Check all corporate action SWIFT messages that are triggered or sent (MT564/MT566/MT567/MT568) and that are received (MT565/MT599).
  • Ensure timely and accurate processing of all mandatory corporate events, i.e. (Dividend Payment, Bonus, Stock Split, and Merger & Demerger) and voluntary corporate events, i.e. (Open offer, rights issue, AGM, EGM.)
  • Doing proxy e-voting on all platforms like NSDL, CDSL, LINKINTIME, and KFINTECH on behalf of the client and sending a confirmation report to the client.
  • Take full responsibility for adherence to all departmental procedures, policies, checkpoints, and controls.
  • Primary Market (IPO)/ QIP
  • Prepare a market snapshot in case of any forthcoming IPOs or OFS announced on exchanges, and inform all the clients regarding the same.
  • Verification and authentication of investments in primary market equity IPOs. Filling out and sending application forms on behalf of clients.
  • To check if any of our clients wish to participate in the Anchor investment of the IPO. If yes, then we need to fill out the forms and send them to the broker well before the deadline.
  • Pass the necessary entry in our internal systems, and generate the application, bidding, allotment report, stock receipt report, and listing details to send to all the clients who participated in the IPO.

Content Analyst

Acuris Limited
Mumbai
12.2019 - 09.2020
  • Research and analysis of fixed income (debt), financial statement documents from a variety of stock exchanges, and using company tools to update or 'tag' these documents with the appropriate classifications, such as coupon rate, yield rate, company name, proper caption about securities, issue amount of bonds, maturity date of bonds, and transaction parties related to the bonds, while managing and prioritizing multiple requests throughout the day.
  • Handling client requests and queries, and ensuring that their queries are solved within an hour’s time.
  • Maintaining work reports and reporting them to the manager.
  • Worked on special projects (e.g., Foreign Bond, US Municipal Bonds, US-ISIN Matchup.

Senior Associate

Tata Consultancy Services Ltd
Mumbai
07.2015 - 12.2019
  • Bonds settlement and finalization process:
  • Working Area: Corporate Bonds, U.S., and Indian Government Bonds, U.S. Agency Bonds, Indian Corporate Bonds, and Preferred Securities.
  • Analyzing the documents (Final Terms, Pricing Supplement, Press Release, Prospectus, 10-K) issued by corporate entities or by government bodies, and updating all the information available in the document on the Bloomberg terminal.
  • Pre-trade compliance check for Bond's terms and conditions, such as Issuer's data (Issuer Long Name, Issuer's Business, Market of Issue), Issuance data (Announcement date, Settlement Date, Principal Amount, Denominations, Maturity Date, Issue Price, Face Value), Coupon Data (Type, Rate, Frequency, Coupon), and Redemption Data.
  • Compliance check of the securities: for clearing houses (DTC, Clearstream, Euroclear), for trading restrictions, for collateral of the bond, and for conditions such as events of default, covenants, and use of proceeds.
  • Review Lead Managers' information (Method of distribution – Syndicated or Nonsyndicated) from documents such as the Prospectus and Pricing supplements, and calculate the fees for the underwriters, allocating them accordingly on the tool CBWF - Anex.
  • Research legal advisors, agents, and trustee information from the prospectus, and update on the terminal for pre-trade compliance check.
  • Coordinating and assisting with the SME and client to clear the queue and meet the deadlines.

Education

MBA - Finance

Atharva Institute of Management Studies
Mumbai
07-2015

Bachelor of Commerce - Commerce

Gokhale College of Commerce
Mumbai
03-2012

High School Diploma -

Gokhale College of Commerce
Mumbai
02-2009

Secondary School Certificate -

Ekveera Vidyalaya (Maharashtra State Board)
Mumbai
03-2007

Skills

  • SWIFT messaging
  • Daily reconciliation
  • Tax reporting
  • Corporate action processing
  • Primary market transactions
  • Client relationship management

Affiliations

  • Maintained a superior quality rating of 99.99%in E-voting IPO and Dividend.

Languages

Marathi
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2

Accomplishments

  • On the basis of consistency in quality and good product knowledge, I was promoted to assistant manager after the completion of two years.
  • Appreciations from the client, and awarded several times as Star Performer of the Month by the manager.
  • Appreciations from the client and awarded several times as a star performer of the month in TCS

Certification

  • NISM – Series XII – Securities Markets Foundation Certificate Examination

Timeline

Custody Operation -Corporate Action - Manager

HDFC Bank Ltd
12.2024 - Current

Corporate Action - Asst. Manager

SBI-SG Global Securities Services Pvt Ltd
11.2020 - 12.2024

Content Analyst

Acuris Limited
12.2019 - 09.2020

Senior Associate

Tata Consultancy Services Ltd
07.2015 - 12.2019

MBA - Finance

Atharva Institute of Management Studies

Bachelor of Commerce - Commerce

Gokhale College of Commerce

High School Diploma -

Gokhale College of Commerce

Secondary School Certificate -

Ekveera Vidyalaya (Maharashtra State Board)

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Lalit Gaikwad