Ex IDBI Senior Banker, Mr. Ashok Motwani Joins Beacon Trusteeship as the CMD with Significant Minority Stake in the Business

Business Wire India
Mr. Ashok Motwani, Ex-CGM, IDBI Bank Ltd. joined Beacon Trusteeship, an upcoming trusteeship company effective 1^st September 2016, as the Chairman and Managing Director. Mr. Motwani is a veteran finance professional having worked with leading institutions such as IDBI Trustee, SHCIL, IDBI Bank, ARCIL and SIDBI. He has over 35 years of experience in diverse areas such as investment and corporate banking, project advisory, structured finance, debt syndication, trusteeship activities & NPA resolution.

Before taking pre-mature retirement to join Beacon, Mr. Motwani served as CGM with IDBI Bank. At IDBI, his financial versatility helped him don many hats while heading various sectors in the operational banking. Before his stint as CGM, he also served as MD & CEO of Stock Holding Corporation of India, Large Corporate Group at IDBI Bank, GM Structured Products & Syndication Group at IDBI Bank and as MD and CEO of IDBI Trusteeship, Mr. Motwani was instrumental in giving a new direction to the business & was able to grow the revenue multifold from where he began.

Mr. Pratapsingh Nathani, an ex-banker himself with 20 years of experience in the financial sector ventured into the Trusteeship business and proposed Mr. Ashok Motwani to take the esteemed position. At the helm of Beacon Trusteeship, Mr. Motwani will steer the company as Chairman and Managing Director and will give strategic direction to the Company. With the extensive practical knowledge in the field, Mr. Motwani will bring exponential growth by tactical alliances and innovative product strategies.

About Beacon Trusteeship

Beacon has been formed by a group of ex-bankers and professionals from the similar domain with rich experience in the Trusteeship business. Beacon's potential clientele encompasses Banks, Financial Institutions including Insurance Companies, Mutual Funds and NBFCs, Government organizations, AIFs, MNCs, Family offices and High Net-worth Individuals in India and overseas. Apart from it two very eminent Advisors, Mr. S Kohli, ex PNB Chairman and Mr. H D Khunteta, ex CMD REC, its board comprises of industry veterans like Mr. Pratapsingh Nathani & Mr. Vithal Nawandhar. Mr. Nathani’s last stint was at ING Vysya where he was the Head - Debt Capital Markets and Loan Syndication business while Mr. Vitthal Nawandhar held senior level positions at other renowned Trustee companies.