ASK Group to raise USD 1 billion from offshore market; appoints Mr. Evan Gallagher as CEO of its Singapore operations

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Ask GroupMumbai, 14th October, 2015: ASK Group, a diversified financial services firm with approximately USD3 Billion of funds under management and advisory, is expanding its global presence and plans to raise approximately USD 1 Billion from the offshore markets in the next 3 years. To support this growth, ASK Group today announced the appointment of Mr. Evan Gallagher as CEO and Executive Director of ASK Capital Management Private Limited (“ASK Capital Management”), a Singapore based subsidiary of ASK Group. In his new role, Mr. Gallagher will lead the international capital markets approach for ASK Group’s Listed Equity, Real Estate Investments and Private Equity businesses. Prior to joining ASK Group, he was the CEO of IDFC Capital (Singapore) Pte. Ltd. whilst at the same time he created and lead the Investor Management Group for IDFC Limited’s Alternatives Business which manages in excess of USD3 billion.

At ASK Capital Management, Mr. Gallagher will explore strategies and offerings  for the regions including Europe, Asia, GCC and Africa with a focus on the development of pathways for international institutional investors to access the opportunities that India presents through the ASK Group platform.

While commenting about the new appointment, Mr. Sunil Rohokale, MD&CEO, ASK Group said, “We are delighted to have Mr. Gallagher on board as CEO of our international business in Singapore. ASK Group’s vision for the next 3 years is to raise $1 Billion from offshore markets across asset classes and Evan’s prior experience and expertise perfectly suits our ambitions. ASK Group has emerged as a leader in the Listed Equity and Real Estate Investments businesses given our performance and strong growth. We are confident that offshore institutional investors will appreciate the India investment opportunity available through a renowned and trustworthy partner like ASK.”

Mr. Evan Gallagher, on his appointment said, “I am very pleased to be a part of a financial services group that has established its solid credentials in a challenging market and are now keen to grow internationally.  I have been fortunate and greatly appreciative to spend approximately 5 years working with a strong Indian firm previously. In that time I have recognised India is a challenging yet attractive proposition for global investors across various asset classes. ASK Group provides the right platform to invest in India. Their results thus far in the 30 plus years of operations have been stellar; they are knowledge leaders with impeccable execution on the investment front. I am excited to commence this next chapter of my career with ASK.”

Mr. Gallagher is an experienced financial services professional with over 17 years of professional experience. Prior to his successful tenure at IDFC, Mr. Gallagher headed Investor Relations and Fund Raising for Allco Finance Group Limited where he co-lead the raising of public and private market funds including Singapore’s first cross border Real Estate Investment Trust which ultimately managed over SGD1.8 billion in assets. Mr Gallagher holds undergraduate and post graduate qualifications from Macquarie University and Macquarie Graduate School of Management in Sydney, Australia.

About ASK Group

The ASK Group is a renowned Financial Services Group and is today a leading player in the Wealth & Investment Management business, and manages the wealth & investment needs of some of the most affluent families in India.  With close to three decades of presence in India, ASK group has been a true believer in the India growth story and over the years has grown hand-in-hand with its clients across the globe. The group is represented in India through its four key businesses: Wealth Advisory and Multi- Family Office Service – ASK Wealth Advisors, Portfolio Management Services – ASK Investment Managers, Real Estate Private Equity – ASK Property Investment Advisors and Private Equity Management – ASK Pravi Capital Advisors. It has 7 offices in India through which it services the needs of clients across the country. Through its office in Dubai the group manages clients in GCC & Africa and through its office in Singapore it manages real estate and equity investments made in India.

As at Sep 2015, the ASK group manages assets of approximately Rs 17,000 crore (US $3 Bn).