Avigna Capital appoints Iliyas Penbelli as COO

Avigna Group has appointed Iliyas Penbelli as Chief Operating Officer for their new vertical — Avigna Capital — that will focus on the Capital strategy. With over 15 Years of experience in capital markets across various verticals, Iliyas has exposure in segments like fund structuring, execution, implementation and setting up across various jurisdictions right from India, Singapore to Luxembourg and Mauritius. “We are very excited to welcome Illiyas to the Avigna family. Exhibiting a proven record of achieving and exceeding business-development and revenue generation goals in high-pressure environment, we have every confidence in Illiyas to contribute towards the company’s next phase of growth and strategy,” said Abhijit Verma, Executive Director & CEO at Avigna Group. Prior to joining Avigna, Iliyas was heading the role of director of sales in Amicorp Group overlooking the corporate secretarial and fund administrative services, estate and succession planning and and Alternate Investment Funds (AIFs) structuring and operations across 40+ offices. He has also led the business for custodial services and executed the biggest FDI transaction in the history of Indian FDI, of $12.9bn during his stint with Axis Bank. Besides these, he has worked with HDFC Bank, IL&FS Securities Services Limited and State Street Syntel Sourcing Pvt Ltd. Holding a Master’s in Business Administration in Finance from SIES Management College, Mumbai, at Avigna Capital Iliyas will be responsible to create a sustainable structure where all the projects across India are funded with a healthy mix of equity and debt both domestically and internationally. “I will be working closely with the team for raising funds for the entire group. I believe my journey with Avigna Group will be a great platform for me to apply and hone my skills and take my knowledge up several notches”, said Iliyas Penbelli.