Emkay Global Financial Services Limited, a leading financial services group, today announced the appointment of Sunil Tirumalai as Head of Research and Equity Strategy.
At Emkay, Sunil will further broaden and deepen the research methodology by bringing in best global practices in equity research.
Mr. Tirumalai comes with 13 years of experience in 'Sell Side' research and most recently served as a Director at the India Research unit of Credit Suisse. At Credit Suisse, he was a highly rated analyst covering the NBFC and Telecom sectors, consistently featuring in the top 3 positions in Institutional Investor(II) India rankings. Sunil is an alumnus of IIM Ahmedabad and has a bachelor'sdegree in Technology from the National Institute of Technology, Trichy. Apart from overseeing all the sector model portfolios, Sunil will express his strategy view via the Nifty benchmarked Emkay Alpha Portfolio.
Emkay has one of the largest equity research teams in the Indian context, comprising of 19 writing analysts, and covering 352 stocks (including soft coverage). Sunil will in turn report to Suveer Chainani, the CEO of Institutional Clients Group, who joined Emkay from Citigroup Global Markets India in January 2019.
Speaking on his appointment as Head of Research and Equity Strategy, Sunil Tirumalai said, "Over the years Emkay has become a marquee financial group providing advisory to its varied clientele on the back of its strong research expertise. I look forward to further upscale the research expertise, which I am very passionate about, and help our clients meet their goals of generating Alpha, in a transparent and accountable manner".
Welcoming Sunil, Krishna Kumar Karwa, Managing Director at Emkay Global Financial Services, said - "We are pleased to welcome Sunil Tirumalai as our Head of Research and Equity Strategy. Research is the most important product offering for any brokerage firm. Sunil's appointment will play an instrumental role in strengthening our research capabilities further and help us create a deeper differentiation in the industry."
Shares of EMKAY GLOBAL FINANCIAL SERVICES LTD. was last trading in BSE at Rs.74.65 as compared to the previous close of Rs. 75. The total number of shares traded during the day was 72 in over 10 trades.
The stock hit an intraday high of Rs. 78 and intraday low of 74.55. The net turnover during the day was Rs. 5444.