Udit Sureka

Udit Sureka Email and Phone Number

EVP, Head of Products @ Nuvama Asset Services
Mumbai, MH, IN
Udit Sureka's Location
Mumbai, Maharashtra, India, India
Udit Sureka's Contact Details

Udit Sureka work email

Udit Sureka personal email

About Udit Sureka

Head of Products for the Asset Services business @ Nuvama Group (erstwhile Edelweiss Wealth Management)Previously: Managing Structured Trade Finance, Working Capital requirements and associated International Banking relationships for ex-India commodities business.Specialties: New Business Development, Trade Finance, Structured Trade Finance, Yield Enhancement Trades, Client and vendor acquisition and development, reporting systems, risk management, understanding of the business and revenue drivers, raising working capital.

Udit Sureka's Current Company Details
Nuvama Asset Services

Nuvama Asset Services

View
EVP, Head of Products
Mumbai, MH, IN
Website:
nuvama.com
Employees:
449
Udit Sureka Work Experience Details
  • Nuvama Asset Services
    Evp, Head Of Products
    Nuvama Asset Services
    Mumbai, Mh, In
  • Nuvama Asset Services
    Evp, Head Of Products
    Nuvama Asset Services Jan 2023 - Present
    Mumbai, Maharashtra, India
  • Edelweiss Wealth Management
    Evp, Products, Asset Services
    Edelweiss Wealth Management Apr 2022 - Jan 2023
    Mumbai, Maharashtra, India
  • Edelweiss Wealth Management
    Head Of Products - Asset Services
    Edelweiss Wealth Management Jul 2017 - Mar 2022
    Mumbai, Maharashtra, India
  • Aster Commodities Dmcc (An Edelweiss Financial Services Limited Group Company)
    Senior Vice President - Commodities
    Aster Commodities Dmcc (An Edelweiss Financial Services Limited Group Company) Apr 2016 - Jun 2022
    Dubai
  • Aster Commodities Dmcc
    Associate Director
    Aster Commodities Dmcc May 2015 - Mar 2016
    Dubai
  • Aster Commodities Dmcc
    Vice President - Commodities
    Aster Commodities Dmcc Sep 2009 - May 2015
    Dubai And Singapore
    Managing the International Precious Metals Trading desk for Edelweiss.Part of the 3 member start up team that setup the Edelweiss Bullion Desk in India, now arguably the largest organized bullion trading desk in the country.
  • Edelweiss Capital
    Manager
    Edelweiss Capital May 2007 - Sep 2009
    • Awarded the Edelweiss Emerging Leader Award in November 2009• Commodity Derivatives Trading o Arbitrage, Directional Trading, Spread Trading in Options and Futures o Trading in Energy commodities (Crude Oil & Natural Gas) & Precious metals (Gold & Silver)• Part of 3 member team responsible for setting up from scratch the Bullion Trading Desk at Edelweiss o The desk is now arguably the largest corporate bullion trading desks in the country o Liaison with… Show more • Awarded the Edelweiss Emerging Leader Award in November 2009• Commodity Derivatives Trading o Arbitrage, Directional Trading, Spread Trading in Options and Futures o Trading in Energy commodities (Crude Oil & Natural Gas) & Precious metals (Gold & Silver)• Part of 3 member team responsible for setting up from scratch the Bullion Trading Desk at Edelweiss o The desk is now arguably the largest corporate bullion trading desks in the country o Liaison with Foreign Suppliers, Canalizing Agencies and Banks for Import, logistics providers o Client Acquisition and new centers development o Market Analysis and Financial analysis of the economics behind the business o Negotiation of agreements with all parties – Banks, Suppliers, Canalizing Agencies, Customers o Viability report, bringing all support departments such as Legal, Compliance, Operations, Custody, etc. in line with business o Developed a Multi-asset class and multi-instrument MIS o Planning of advertising, marketing o Risk management – Business representative in the development of the Risk Management Systems o Alternate channel development – on both purchase and sales side• Worked closely with MCX while planning to launch a metal swap facility• Single point of contact from Business side for a cross-department, end-to-end Transaction Processing System o The system is flexible enough to incorporate the idiosyncrasies of the OTC market, while retaining enough checks and balances so that the same can used as the background for a bullion trading portal being launched as an alternative sales and distribution channel o The system is aimed at improving efficiency,control, instant information flow, better planning and reporting, decision-making Show less
  • Edelweiss Capital
    Summer Intern
    Edelweiss Capital Apr 2006 - Jun 2006
    Interned at Edelweiss Capital on the Proprietary Trading Desk. Worked on live project involving quantitative analysis of Mutual Funds to solve the problems involved with benchmarking and thus performance evaluation of mutual funds due to their often churning portfolio (thus Nifty/Sensex, etc cannot be used as a benchmark), leading to a change in the risk-reward expectations from the fund.The project involved using Style Analysis as a tool to create individual benchmarks for each… Show more Interned at Edelweiss Capital on the Proprietary Trading Desk. Worked on live project involving quantitative analysis of Mutual Funds to solve the problems involved with benchmarking and thus performance evaluation of mutual funds due to their often churning portfolio (thus Nifty/Sensex, etc cannot be used as a benchmark), leading to a change in the risk-reward expectations from the fund.The project involved using Style Analysis as a tool to create individual benchmarks for each fund under consideration based on their portfolios at the beginning of each quarter.The benchmarks were used to evaluate the funds performance by using various metrics like tracking error, semi-deviation, Jenson's alpha, etc.Subsequently I used in-sample, out-sample testing to come out with a filter to choose the best funds from the consideration set, giving more weight to consistent out-performance. The funds I recommended gave an average return of 54% between June 2006 and May 2007, out-performing the market by ~20% and the fund universe considered by ~22% Show less

Udit Sureka Skills

Derivatives Trading Commodity Options Risk Management Capital Markets Financial Analysis Management Corporate Finance Precious Metals Proprietary Trading Currency Financial Risk Structured Finance Business Analysis New Business Development Analytics Hedging Trade Finance Foreign Exchange Commodities Forex Commodity Markets Electronic Trading Market Risk Reporting Systems Business Understanding Interest Rate Derivatives Bullion Custodial Services Clearing Houses Prime Brokerage Las

Udit Sureka Education Details

Frequently Asked Questions about Udit Sureka

What company does Udit Sureka work for?

Udit Sureka works for Nuvama Asset Services

What is Udit Sureka's role at the current company?

Udit Sureka's current role is EVP, Head of Products.

What is Udit Sureka's email address?

Udit Sureka's email address is ud****@****ail.com

What schools did Udit Sureka attend?

Udit Sureka attended Xlri Jamshedpur, La Martiniere For Boys, Don Bosco Liluah, Tcc.

What are some of Udit Sureka's interests?

Udit Sureka has interest in Wodehouse, Gaming, Sci Fi, Life Philosophy, Reading, Fantasy Fiction, Pc And Ps.

What skills is Udit Sureka known for?

Udit Sureka has skills like Derivatives, Trading, Commodity, Options, Risk Management, Capital Markets, Financial Analysis, Management, Corporate Finance, Precious Metals, Proprietary Trading, Currency.

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