Equirus, a leading Indian financial services group, has appointed Chitra Shringare as Chief Executive Officer of its Custody Business. In this new role, she will lead the firm’s custody business as Equirus sharpens its focus on strengthening its end-to end institutional capabilities. The custody business, which involves the safekeeping and servicing of financial assets including securities and cash, is a critical pillar as Equirus expands across financial ecosystem.
Chitra’s appointment marks an important step in enhancing governance standards, institutional capability, and long-term client trust across the group. She joins the firm at a stage where the focus is firmly on building, long-term businesses, and institutional depth.
She brings over three decades of global leadership experience, with deep expertise across Global Transaction Banking, Securities & Investment Operations, Risk and Controls, and large-scale transformation initiatives. Prior to joining Equirus, Chitra held senior leadership roles at BNY, J.P. Morgan Services (India & Philippines), Deutsche Bank Group, SBI-SG Global Securities Services, and ABN AMRO Bank / RBS. Her earlier experience also includes tenures at ANZ Grindlays Bank, National Stock Exchange of India, and Tata Share Registry. She holds a B.Sc. in Chemistry from the University of Mumbai and an Executive MBA (eSMP) from IIM Ahmedabad. She is a member of the Harvard Square Leaders Excellence Forum, is IICA -qualified, an Institute of Directors Masterclass alumna, and currently serves as an Independent Director (PID) at Indian Commodity Exchange Ltd (ICEX).
Commenting on the appointment, Ajay Garg, Managing Director, Equirus Group, said, “Chitra’s appointment comes at a very important phase of our growth. As we expand our platform, a strong custody business becomes foundational. Her depth of experience and leadership will be critical as we build a scalable, trusted custody offering for our clients.”
On her appointment, Chitra Shringare said, “Custody plays a vital role in ensuring asset safety, seamless transactions, and transparent reporting. My focus will be on building trust, strengthening regulatory and risk frameworks, and leveraging technology to create a resilient and client-centric platform.”