IIFL Wealth and Asset Management on announced the appointment of Aakash Desai as head of private credit at IIFL Asset Management. In this role, Desai will spearhead the private credit practice, and will be responsible for identifying growth opportunities to augment scale and profitability in the business. Prior to joining IIFL AMC, Desai has built and led businesses for over 20 years in Clix Capital (erstwhile GE Capital), Standard Chartered Bank and ICICI Bank, India and ICICI Bank, UK.