NAVEEN SAPROO
Summary
- A result-oriented professional with around 24 years of experience in the areas of Corporate Bond trading and Relationship Management. Proven track record of success in delivering profitable trading strategies
- A team player with effective interpersonal and communication skills
- Self-starter with ability to multi-task and manage change effectively Actively involved in managing Bond portfolio, handling Interbank/ corporate/ PSU bond dealing for banks/ MF's, FIIs and PFs Ability to work under pressure and in high paced environment
Overview
24
24
years of professional experience
Work History
SVP 1 & Head Sales and trading DCM
Axis Bank
- Current
- Currently I am head sales and dem trading in Axis bank with main objective of maintaining league table position
- I am leading a team of sales professional pan India
- Running a pv of approx with object of generating trading income
- Actively involved with structuring and orination team for originating new deals along with regular names
Senior Vice President 1 & Head Corporate Bond Trading Desk
Axis Bank
12.2022 - 03.2023
- I was overseeing Corporate Bond Trading Desk,at Axis bank with total pvo1 of 5crs leading a team of 3 traders
- Actively involved with various regulatory bodies for development of Corporate Bond Market
- Trading in Corporate bonds across the rating spectrum
- OIS, CPs and CDs. Managing average trading portfolio PVO1 of (INR 1.25 crores) in Corporate Bonds, OIS & MMY Papers and do active market making.
- Develop relationship with sell side firms and offer market insights to Sales team and
Vice president & CO-Head of Institutional Sales Group, DCM
Axis Bank
07.2018 - 12.2022
- Responsible for Bond Sales with target of maintaining leadership position of the Bank
- Work closely with Origination & Coverage teams of the bank for identifying corporate bond opportunities
- Handling team of traders and sales persons
- Responsible for taking calls on pricing of INR Bonds in order to place them in institutional as well as semi wholesale bond market
- Managing large institutional investor relationships including Mutual Funds, Insurance Companies, FPIs, Banks & Corporate Treasuries
- Responsible for entire INR capital market borrowing of Axis Bank via Certificate of Deposits, Long Term Infrastructure Bonds, Tier II Bonds & Additional Tier I Bonds. This involves assessing market depth, Pricing the instrument & successfully raising the desired amount for bank
- Responsible for delivering fee target of the DCM desk
- Responsible for managing corporate bond book for DCM with large PVO1 allocation & utilization
- Delivering on NII target of the DCM desk
- Balancing between P&L as well as lesser devolvement of the committed bond position for DCM desk
- Ensure DCM book position is cleared well within defined timelines without or with least negative impact on the P&L
- Develop strong relationship with institutional investors and offer market insights to higher management
Deputy Vice President-Debt Capital Market
Axis Bank Ltd
05.2013 - 07.2018
- Key member of INR DCM team of the Bank
- Responsible for Bond Sales with target of maintaining leadership position of the Bank
- A part of the Debt Capital Market team (DCM) handling origination and placement of bond issuances, structuring issuances and placement of issuances as per the need of the clients
- Bond sales by providing sales and distribution support to the proprietary trading desk and also gauging the market sentiment and passing on this feedback to the proprietary trading desk during any primary bond issuances
- A day to day, continuous interaction with the market participants and issuers of debt on recent market developments, new issuances etc.
- Origination, structuring & placement of debentures for clients either with the bank as the investor (proprietary book) or placing the issue with investors. Assisting clients in raising funds by placing debentures and bonds through the private placement route. Deal structuring, pricing of instruments and placing the same with institutional investors.
Asst Vice President (Debt Capital Market)
Axis Bank Ltd
06.2010 - 05.2013
Manager (Debt Capital Market)
AXIS Bank Ltd
05.2008 - 04.2010
Deputy Manager (Capital Market)
AXIS Bank Ltd
06.2006 - 05.2008
Fixed Income Dealer (Corporate Bonds)
LKP Securities Ltd
02.2003 - 06.2006
- Started Non SLR broking desk of SPA, leading team of dealers
- Actively involved in handling interbank corporate/ PSU bond dealing for banks, Mutual fund & Financial Institutions.
- Ensured excellent relationships with clients across the spectrum due to my ability to identify & price the right credit.
Manager
Indistock Securities Ltd
04.2002 - 01.2003
- Sourcing & Placement of Commercial Paper (CP) Certificate of Deposits (CD) and Mibor Linked NCDs of Corporate with Institutional Investors.
- Interbank trading in commercial papers and short-term bonds.
- Noteworthy Credits: Instrumental in setting up the corporate Bonds desk
Executive - Corporate Finance
Aknam Finvest Pvt Ltd., Mumbai
07.2001 - 03.2002
- Sourcing of Commercial papers and short term Non-convertible Debentures, both Floating and Fixed tenor.
- Maintain healthy and positive relationship with corporate and helping them in devising the ways to reduce high cost debt.
Education
Masters of Business Administration - Finance
MGV'S IMR
01.2000
Bachelor's Degree - Commerce
S.P.M.R. College of Commerce
01.1998
Class 12th - undefined
Model Academy
01.1995
Class 10th - undefined
Jagriti Niketan
01.1993
AREAS OF EXPERTISE
- Deep Understanding of Credit and Fixed Income Markets
- Trading in Corporate Bonds and other Fixed Income Products
- Relationship across institutional Investors
- Adept at building and maintaining senior-level relationships
- Conceptualizing and implementing competent strategies to generate profits for the desk
- Training and mentoring teams
IT SKILLS
• Efficiently use Bloomberg, Eikon & Cogencis
• Well versed with MS Office & Internet Applications
PERSONAL DETAILS
Date of Birth: 9thMarch, 1977
Timeline
Senior Vice President 1 & Head Corporate Bond Trading Desk
Axis Bank
12.2022 - 03.2023
Vice president & CO-Head of Institutional Sales Group, DCM
Axis Bank
07.2018 - 12.2022
Deputy Vice President-Debt Capital Market
Axis Bank Ltd
05.2013 - 07.2018
Asst Vice President (Debt Capital Market)
Axis Bank Ltd
06.2010 - 05.2013
Manager (Debt Capital Market)
AXIS Bank Ltd
05.2008 - 04.2010
Deputy Manager (Capital Market)
AXIS Bank Ltd
06.2006 - 05.2008
Fixed Income Dealer (Corporate Bonds)
LKP Securities Ltd
02.2003 - 06.2006
Manager
Indistock Securities Ltd
04.2002 - 01.2003
Executive - Corporate Finance
Aknam Finvest Pvt Ltd., Mumbai
07.2001 - 03.2002
SVP 1 & Head Sales and trading DCM
Axis Bank
- Current
Bachelor's Degree - Commerce
S.P.M.R. College of Commerce
Class 12th - undefined
Model Academy
Class 10th - undefined
Jagriti Niketan
Masters of Business Administration - Finance
MGV'S IMR
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