Edelweiss Financial Services Limited announced that Deepak Mittal will move to the Credit Business which includes Structured Credit, Wholesale & Retail Mortgages, SME and Agri Lending forming the largest business by revenue of the Edelweiss Group. He will co-head the business with Ravi Bubna. In his over two decades with the Group, Deepak has played several key roles, his most recent as CEO of Edelweiss Tokio Life Insurance. Here he was instrumental in the rapid scale-up of the life insurance business, making it one of the fast growing life insurance companies in the Indian private sector today. He brings valuable experience in building and expanding the retail franchise to the Group's credit business. Sumit Rai takes over from Deepak and has been elevated as CEO of Edelweiss Tokio Life. Sumit was previously the Chief Distribution officer for the Life Insurance business where he deepened the company's reach while executing key strategic initiatives. Nitin Jain and Venkat Ramaswamy will co-head the Global Wealth & Asset Management Business which accounts for over USD 25 billion in assets under management and advice. Further strengthening this rapidly growing business, Hemant Daga and Ashish Kehair, have been elevated as Deputy CEOs for this business. Siby Antony has been elevated to the post of Executive Chairman of the Reconstruction Company (ARC), Edelweiss ARC. He will mentor an experienced team with diversified skill sets across sourcing, resolution and turnaround. R.K.Bansal will take over as Managing Director, Edelweiss ARC. Both bring long years of experience in Stressed Assets business. Vikas Khemani will continue to head the Capital Markets & Advisory group wherein the focus will be to strengthen and grow the leadership in Investment Banking, Institutional Equities, Prime Brokerage Services and other Corporate and Institutional Advisory activities.