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Prawin Devchell

Managing Director & Head, A Capital Investors, India

Prawin has over 27 years investment banking, capital markets and fixed income experience.

Prior to joining Avista, he was Deputy Head of Fixed Income & Treasury at IDFC Limited and managing 7 sub-SBUs within Fixed Income & Treasury. Prawin joined IDFC to set up its fixed income/debt investment banking franchise in 2005 and successfully established IDFC’s fixed income franchise to be one of India’s premier fixed income investment banking entity. While at IDFC, Prawin has actively contributed to Govt. of India constituted committees. He was Member, Working Group on Leveraging Institutional Finance for Municipal Financing. He was also Member, Sub-group working for Standing Committee on Infrastructure Financing which was instituted as an initiative of Ministry of Finance for various initiatives for infrastructure financing across India.

Prior to IDFC, he was Head of Debt Capital Markets for Merrill Lynch in India and responsible for relationship management & origination of INR fixed income investment banking. Prawin worked closely with Merrill Lynch colleagues across Asia to create and introduce new INR debt/fixed income products, within the Indian legal and regulatory framework, for Indian corporates and for banks. He was also responsible for originating international bond issuance, exchangeable & buy-backs by Indian corporate entities.

Prawin started his career with DSP Financial Consultants Limited (DSP Merrill Lynch, India) in its Capital Markets & Investment banking team in 1988. Subsequently, he has worked with Standard Chartered Bank (India – Investment Banking), Jain Securities International (India – Investment Banking) & ILFS Group (Structured Debt & Fixed Income).

Prawin has completed his MBA (Finance) from the University of Mumbai. He also holds a Bachelors degree in Commerce from the University of Madras.

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