Summary
Overview
Work History
Education
Skills
Awards
Custom
Affiliations
Timeline
Generic

Akash Deep Grover

Vancouver,Canada

Summary

Dynamic investment professional with extensive experience at Lemarc Agromond, specializing in financial analysis and capital raising. Proven track record in optimizing portfolios and leading successful mergers and acquisitions. Adept at due diligence and fostering relationships with financial institutions, driving significant shareholder value through strategic decision-making and innovative solutions.

Overview

25
25
years of professional experience

Work History

Founder

AG Bluestone
Vancouver, British Columbia
05.2024 - Current
  • Advised on balance sheet, P&L, and cash flow optimization to maximize shareholder value.
  • Conducted due diligence for mergers, acquisitions, and restructuring projects.
  • Managed investment portfolios in private and publicly listed companies.

Chief Investment Officer

Lemarc Agromond
Hong Kong, London & Dubai
10.2018 - 04.2023
  • Company Overview: Company Background – Lemarc Agromond is a multinational food and agricultural supply chain manager with over US$3B in turnover and engaged in trading, logistics, processing and marketing of agricultural products such as soybean, corn, sugar, cocoa and food products including plant based beverages and superfoods
  • Responsible for overseeing all investments and M&A activity both within the supply chain and other non – supply chain related industries.
  • Responsible for all group financing needs including asset finance, trade finance, project finance and equity financing
  • Maintain relationships with Financial Institutions globally including brokers, asset management companies, private equity funds, trade finance funds, commercial and investment banks.
  • Manage a team of analysts, compliance officers, internal auditor and managerial finance staff
  • Key transactions engaged and supervised during the period of employment in the capacity of Chief Investment Officer include –
  • Acquisition of a dry shipping fleet comprising of 6 bulk sized handy carriers generating extraordinary returns
  • Reverse listing on Nasdaq as part of the capital raising initiative of the firm
  • Due Diligence of several supply chain assets across North & South America, Continental Europe and Asia Pacific

Executive Director

IL&FS Global Financial Services (HK) Ltd.
06.2012 - 10.2018
  • Company Overview: Company Background – IL&FS Financial Service Limited (IFIN) is one of India's leading Non - Banking Finance Company providing a wide range of financial and advisory solutions under one umbrella. IFIN is a 100% subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) IFIN specializes in infrastructure financing transactions, with a combination of Investment Banking skill sets comprising of Debt Syndication, Corporate advisory, Private Equity and Debt Capital Markets
  • Responsible for setting up operations in Hong Kong with full Corporate Finance functions and SFC licensing (Type 1 & Type 4 – Responsible Officer)
  • Maintain relationships with Financial Institutions across North Asia
  • Actively work on capital raising (Asset Finance, Project Finance, Trade Finance and Mezzanine Finance)
  • Responsible for overseeing all advisory, arranger and Corporate Advisory on JVs / M&A
  • Responsible for ongoing compliance, updating of compliance manuals and maintenance of client records
  • Key Transactions engaged and supervised during the period of Employment in the capacity of a Responsible Officer include –
  • Private Equity Private Placement of Equity shares of an Energy Company, a renewable power producer with a portfolio of 77 MW of projects across bio-mass, solar and wind power of ~USD 100 million engaged since Aug ‘16
  • Private Placement of Convertible Debt for a HK Listed company for an amount of USD 25 million engaged in Oct ‘15
  • Advisory and Arrangement Services to a local trading firm in diamond trading business to raise USD 45 million in working capital trade finance facilities from Banks in Hong Kong engaged during Jun ‘15 – Feb ‘16
  • Financial Advisor to 12 kms Tunnel project requiring project financing of USD 600 mn
  • Financial Advisor to the Issuer for raising RMB 575 million in CNH Bond market in Jul ‘15
  • Placement of Term Loan to a Singapore based firm in wellness business for USD 20 million engaged in Aug ‘13
  • Placement of Senior notes of a HK real estate fund aggregating up to USD 20 million to refinance the existing notes engaged in Dec ‘13

Executive Director – North & South East Asia

Kitara Capital
01.2010 - 05.2012
  • Company Overview: Company Background – Kitara Capital, a family office with 65 shareholders mainly from the Middle-East, having its head office in Muscat, Oman decided to open a representative office in Hong Kong in 2010 in order to originate private equity & PIPE (Private Investment in Public Equity) deals from the region (South East Asia & North Asia). It decided to engage in originating, investing & managing the investments for its own proprietary capital to be deployed by its shareholders
  • Responsible for setting up Kitara’s Asian office for coverage of private equity & PIPE (private investment in pubic equity) investments in North & South East Asia for only the group to invest in
  • Cover Thailand, Singapore, Vietnam, Indonesia, Philippines, Malaysia, HK & China for research on listed & unlisted stocks for investments therein by Kitara Capital for its principal’s money
  • Maintain relationships with investment banks, asset management companies & investee companies for origination of deal flow
  • Preliminary evaluation of investment opportunities through active research & detailed analysis of balance sheets solely for the purpose of advising to Kitara’s own principals
  • Negotiation & structuring of deals & investments through dialogue with target in investee companies & intermediaries (brokers/custodians/fund administrators/audit firms)
  • Key Transactions concluded – purchase and financing of 8 oil tankers, acquisition financing for a directional drilling company in oil & gas, private equity investment in a specialty chemicals company and investment in a multi-car garage service provider start up company
  • Responsible for execution of trades in a timely and cost effective manner, selection of brokers based on their execution capability & fees charged
  • Monitor ongoing investments by active updates, communication with companies, brokers & other channels
  • Strategize & plan exit from investments when portfolio returns are achieved by secondary or strategic sale
  • Maintenance of records for all investments made in South East & North Asia
  • Updating principals on investment reviews & investee companies progress such as underlying company’s financials, stock price, dividends etc
  • Overall supervision of all administrative activities as the Head of North & South East Asia

Director

William Shipping & Brothers Co.
10.2008 - 01.2010
  • Company Overview: Company Background – William Shipping & Brothers Co is a HK registered company in the business of providing consulting services to oil, shipping & commodity related firms. I was appointed in the firm to take the lead role to enhance coverage of business services offered to its clients in Europe & parts of Asia
  • Business start up involving consultation on Project Finance, Project Management, Oil & interest rate hedging
  • Exclusive representative of an oil major for its commercial needs in HK/China
  • Project based consulting to investors on ship ownership & management

Investment Manager

Univan Ship Management
10.2007 - 08.2008
  • Company Overview: Company Background – Univan Ship Management is a well established ship management & ship owner registered in Hong Kong. It recruited me as an Investment Manager to manage treasury/firms proprietary money held on its own books & to manage the various relationships with banks/brokers who in turn provide the platform for dealing & advise on such investments. My role was to act as a gatekeeper & screen the ideas & proposals from such banks/brokers & provide optimal portfolio returns by actively managing the portfolio of the company’s investments
  • Formulate investment strategy with the group in consultation with the Chairman, group CFO & lawyer
  • To conduct research on all new securities (Commodities, Equities, Fixed Income, FX & Real Estate) to be added to the existing portfolio
  • To monitor & update research on all existing securities in the portfolio for review
  • Collation of research, evaluation, due diligence, preparation of final analysis, presentation to the investment board & final selection of securities to be bought/sold from the portfolio
  • Selection of brokers, attracting quotes from these brokers, fee negotiation, order placement, order checking, settlement checks & final reporting.
  • Records maintenance, compliance to policies & strategy, maintenance of board notes, transaction advices & statements

Vice President

Coutts Bank von Ernst
06.2006 - 09.2007
  • Company Overview: Company Background – Coutts Bank is registered with HKMA in Hong Kong to engage in banking activities with SFC Type 1 license to provide dealing in securities platform to its clients. I was appointed as a Private Banker for this activity
  • Managing private banking portfolios for HNIs in Taiwan, HK & China comprising of equity, debt, alternate investments, commodities & FX
  • Providing client advise arising incidentally out of dealing business to clients
  • Growing the book of active 20 clients by providing dealing support for pricing bonds, options, derivatives & other synthetic products
  • Maintaining clients records for execution of trades & providing assistance to clients
  • Adherence to bank’s compliance, anti money laundering procedures & other KYC norms

Relationship Manager

ICICI Bank, Hong Kong
10.2005 - 05.2006
  • Company Overview: Company Background – ICICI Bank is registered with HKMA & not licensed for any Securities related activities in HK. It was set up in October, 2005
  • Responsible to bank’s clients in Hong Kong & China
  • Provide assistance to clients for opening of bank accounts in HK, manage loans & deposits
  • Maintaining clients records for execution of trades & providing assistance to clients
  • Adherence to bank’s compliance, anti money laundering procedures & other KYC norms

Relationship Manager

ICICI Bank, India
04.2003 - 10.2005
  • Company Overview: Company Background – ICICI Bank is registered in India with RBI & is authorized to conduct all financial & security related businesses in India
  • Responsible for managing client portfolios spanning equity, fixed income, mutual funds, insurance & real estate
  • Provide advise to clients on all securities as authorized by the bank including stocks, bonds, structured deposits, alternative products like hedge funds, discretionary accounts & private equity funds
  • Maintaining clients records for execution of trades & providing assistance to clients
  • Deal in securities for bank’s clients using banks equity trading platform & treasury platforms

Financial Advisor

Zurich Eagle Star
11.2001 - 03.2003
  • Company Overview: Company Background – Zurich Eagle Star is an insurance company registered & regulated in Hong Kong. I was appointed as a Financial Advisor to work on company’s future growth plan to market insurance related business in North Asia
  • Worked on a brokerage model for selling Investments & Insurance plans to expatriates in HK
  • Advising clients on key insurance solutions.
  • Conversion of corporate leads from Zurich Regional office

Associate, e-Commerce group

Morgan Stanley
01.2001 - 10.2001
  • Company Overview: Company Background – Morgan Stanley awarded me “Young Fellow Scholarship” for my outstanding academic achievement & granted me contract based employment in the investment bank for a period of 10 months as part of the scholarship program
  • Devised e-Communications strategy for the organization in light of advancements in technology.
  • Provide key information & analysis on enterprise ready wireless applications & platforms.
  • Conducted a firm wide survey on usage of different applications & features over the intranet
  • Organized e-Commerce training sessions & worked upon making them available through streaming media

Education

MBA - Banking and Finance

Hong Kong University Of Science & Technology
Hong Kong
01.2001

Bachelor of Arts - Political Science

Delhi University
New Delhi
04-1995

Skills

  • Financial analysis
  • Investment management
  • Mergers and acquisitions
  • Due diligence
  • Portfolio optimization
  • Capital raising

Awards

  • Scholarship Young Fellows Scholarship awarded by Morgan Stanley during HKUST MBA Program

Custom

  • Challenge Dragon Boat Challenge participant in 2001
  • Sports National Rifles Association of India – since ‘90
  • Academia 690 GMAT score

Affiliations

  • Visiting Faculty of Finance - City University, Hong Kong

Timeline

Founder

AG Bluestone
05.2024 - Current

Chief Investment Officer

Lemarc Agromond
10.2018 - 04.2023

Executive Director

IL&FS Global Financial Services (HK) Ltd.
06.2012 - 10.2018

Executive Director – North & South East Asia

Kitara Capital
01.2010 - 05.2012

Director

William Shipping & Brothers Co.
10.2008 - 01.2010

Investment Manager

Univan Ship Management
10.2007 - 08.2008

Vice President

Coutts Bank von Ernst
06.2006 - 09.2007

Relationship Manager

ICICI Bank, Hong Kong
10.2005 - 05.2006

Relationship Manager

ICICI Bank, India
04.2003 - 10.2005

Financial Advisor

Zurich Eagle Star
11.2001 - 03.2003

Associate, e-Commerce group

Morgan Stanley
01.2001 - 10.2001

MBA - Banking and Finance

Hong Kong University Of Science & Technology

Bachelor of Arts - Political Science

Delhi University

Similar Profiles

CREATE PROFILE
Akash Deep Grover