IQ-EQ makes senior hire to grow fund administration offering in India

IQ-EQ is pleased to announce the appointment of Atul Muchhala as Executive Director in India. Atul will drive expansion of the group’s India operations, with focus on providing local service delivery to India-based clients in the alternative funds sector.

Atul joins IQ-EQ with over 25 years’ experience in the alternate investment fund (AIF) sector spanning India, Singapore and the Middle East. He has successfully set up private equity, real assets and mutual fund operations for prominent multinational companies based in India and the United Arab Emirates, and has developed the AIF fund administration business for a leading global fund administrator in India. He is a chartered accountant with the Institute of Chartered Accountants of India.

Atul’s appointment marks a significant and strategic step forward as the group looks to build its presence in India, a key growth market in the alternative fund administration space.

Commenting on this development, IQ-EQ’s Regional Managing Director, Sridhar Nagarajan, said:

“IQ-EQ has been active in India for many years and has a sizeable Indian client base serviced by our offices across the globe, in particular Mauritius, Singapore and the Netherlands. With India’s AIF segment having grown seven-fold over the past five years, we are building upon our existing foothold and strategically extending our global fund administration offering in this market. Atul’s appointment marks the latest milestone in this journey and given his extensive experience in the AIF sector I have no doubt that he will take our India operations to new heights.”