Chirag Agrawal becomes new head of corporate finance at Deloitte South Asia

Chirag Agrawal, former partner (investment banking) at Big Four firm EY India, has joined rival firm Deloitte as the new head of corporate finance and investment banking for South Asia.

Agrawal announced the transition in a LinkedIn post on January 5th.

December 16th, money control was the first to report the proposed move.

A graduate of the London School of Economics and Political Science, Agrawal has more than 20 years of investment banking experience, including strategic M&A and raising capital from public and private markets (equity and debt), according to his LinkedIn profile. I have advised clients on this.

Prior to joining EY, he worked at Credit Suisse, Jefferies, Goldman Sachs, Deutsche Bank, JM Morgan Stanley, and KPMG.

Romal Shetty’s Deloitte Strategy

Deloitte has been actively recruiting under Romal Shetty, who took over as CEO of Deloitte South Asia from April 1, 2023 for a four-year term.

July 21, 2023 economic times Deloitte has reportedly moved to poach several senior partners and more than 100 transaction advisory experts from rival KPMG. These include Vivek Gupta, Head (M&A and Private Equity Tax) and Rohit Berry, National Head (Deal Advisory).

In October, Deloitte acquired the PwC network of companies in Sri Lanka and the Maldives as part of its expansion plans. The deal was one of the largest consolidation deals in the region, with 28 partners and 800 participants, according to Reuters.

Deloitte talks about growth plans in recent interview today’s business, Shetty said the company aims to hire up to 40,000 to 50,000 people over the next four to five years. The company currently has approximately 120,000 employees in India.
Note to readers: Corporate Crossings is a series from Moneycontrol that focuses on key management moves within companies and industries, and includes members of India Inc., investment bankers, lawyers, Big 4 professionals, and private equity. investors etc.