AVISTA ADVISORY GROUP CONTINUES EXPANSION OF ITS CORPORATE FINANCE CAPABILITIES IN INDIA

Avista Advisory Group (Avista), the Pan-Asian advisory firm headquartered in Singapore, and Houlihan Lokey, the international investment bank which holds a minority stake in Avista, today announced that Siddharth Suri and Subodh Gupta have joined Avista as Directors, focusing on debt advisory and M &A advisory respectively. Both individuals are based in Mumbai.

Mr. Suri joins from Rothschild India in Mumbai, where he was an Assistant Director in Debt Advisory & Restructuring with responsibility for originating, structuring, and executing debt advisory transactions for a range of corporate clients, as well as coverage of debt capital providers including banks, non-bank finance companies, and credit funds, among others. Prior to Rothschild, Mr. Suri was a Senior Vice President at the Infrastructure Development Finance Company Ltd., where he oversaw debt syndication for clients in the infrastructure sector.

Mr. Gupta also joins Avista from Rothschild India, where he has worked for more than a decade and for the past four years was an Assistant Director in Investment Banking. While at Rothschild, Mr. Gupta advised some of India’s largest and best-known companies, as well as a number of global corporations on a range of corporate finance matters. Prior to Rothschild, he was a Senior Research Analyst with the global research division at McKinsey & Company, leading the Corporate Finance & Strategy (CF &S) research team focusing on European clients engagements.

“On a combined basis, Siddharth’s and Subodh’s experience spans the full range of clients, sectors, and corporate finance assignments,” said Rajiv Kochhar, CEO of Avista. “As we continue to add talent to the Avista platform, this breadth of experience is invaluable to our clients and we’re delighted that they have joined the firm,” he continued.

“Corporate finance activity in India, both in M &A and the capital markets, remains extremely robust,” said Ravi Shankar, Avista’s Head of Coverage for India. “I’m confident that Subodh and Siddharth will substantially contribute to the excellent client service Avista delivers and will doubtless help our clients take advantage of the opportunities in the market and realize their objectives,” he added.

Mr. Suri holds a Bachelor of Commerce with Honors and a Post Graduate Diploma in Business Management from the Indian Institute of Management, Calcutta. Mr. Gupta holds a degree in Chemical Engineering and an MBA in Finance and IT from the International Management Institute, New Delhi. He is also a CFA Charterholder from the CFA Institute in the United States.