Udit Sureka work email
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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.
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Evp, Head Of ProductsNuvama Asset ServicesMumbai, Mh, In -
Evp, Head Of ProductsNuvama Asset Services Jan 2023 - PresentMumbai, Maharashtra, India -
Evp, Products, Asset ServicesEdelweiss Wealth Management Apr 2022 - Jan 2023Mumbai, Maharashtra, India -
Head Of Products - Asset ServicesEdelweiss Wealth Management Jul 2017 - Mar 2022Mumbai, Maharashtra, India -
Senior Vice President - CommoditiesAster Commodities Dmcc (An Edelweiss Financial Services Limited Group Company) Apr 2016 - Jun 2022Dubai
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Associate DirectorAster Commodities Dmcc May 2015 - Mar 2016Dubai
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Vice President - CommoditiesAster Commodities Dmcc Sep 2009 - May 2015Dubai And SingaporeManaging 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.
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ManagerEdelweiss 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 -
Summer InternEdelweiss Capital Apr 2006 - Jun 2006Interned 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
Udit Sureka Education Details
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Finance, Economics -
La Martiniere For Boys -
Don Bosco LiluahSchooling -
Tcc
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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