Mumbai: Equirus, an Indian financial services group, has appointed Chitra Shringare as Chief Executive Officer of its Custody Business, as the firm sharpens its focus on strengthening end-to-end institutional capabilities. In her new role, Shringare will lead the custody business, a critical pillar supporting Equirus’ expansion across the financial ecosystem.
The custody business, which involves the safekeeping and servicing of financial assets including securities and cash, is central to building long-term institutional trust and governance standards. Shringare’s appointment marks a significant step in enhancing institutional depth and reinforcing client confidence as Equirus continues to scale its platform.
Chitra brings over three decades of global leadership experience, with deep expertise across Global Transaction Banking, Securities and Investment Operations, Risk and Controls, and large-scale transformation initiatives. Prior to joining Equirus, she 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, the 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. Shringare 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.”
With this appointment, Equirus underscores its commitment to building robust institutional businesses anchored in strong governance, operational excellence, and long-term client value.
