SBICAP Securities names new Capital Markets Chief
Matcheswala will be responsible for leading business strategy, driving growth across retail and institutional segments, expanding distribution, and strengthening customer engagement
SBICAP Securities Limited recently announced the appointment of Mufaddal Matcheswala as its new Chief Business Officer for Capital Markets, effective September 1, 2026. Matcheswala, who brings 23 years of experience in financial services and capital markets, will lead business strategy, drive growth across retail and institutional segments, expand distribution, and enhance customer engagement at the State Bank of India group company.
Previously, he spent nearly two decades at HDFC Securities, holding the same position. Baldev Prakash, SBICAP Securities' Managing Director and CEO, highlighted Matcheswala's track record in building scalable businesses and driving customer-led growth, emphasizing that his leadership will be crucial in expanding the firm's market presence and distribution capabilities.
Matcheswala expressed his enthusiasm for leveraging the company's association with the SBI ecosystem and its existing customer relationships, focusing on deepening engagement and delivering customer-centric solutions. The appointment is part of SBICAP Securities' broader strategy to bolster its senior leadership ahead of a planned expansion phase in India's capital markets.
The firm offers a range of financial products including equity trading, derivatives, and mutual funds, positioning itself as a comprehensive full-service stockbroker dedicated to broad financial market access.
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