Global Debt Capital Markets

Elara was founded with a clear strategic vision to support capital-hungry Indian enterprises in accessing global markets. Our journey began with Global Depository Receipts (GDRs) and swiftly expanded to Foreign Currency Convertible Bonds (FCCBs), catalyzing some of India’s largest foreign currency bond issuances. With trading desks in London, Singapore, and the USA, we set the benchmark in client service, excelling in sales and trading of Indian convertibles, straight bonds, and structured notes. Serving long-only funds, hedge funds, asset managers, private banks, and institutions, we deliver precision, expertise, and market-leading insights with every transaction.

Institutional Sales: Maximizing Client Benefit

Backed by insightful analysis from our Research desk, our Institutional Sales team is committed to maximizing client benefits. We believe in delivering only the most pertinent recommendations with quantifiable impact, ensuring timely execution. Our strategic team structure ensures optimal client focus, with each recommendation tailored to meet specific portfolio needs. Partnering proactively with clients at every stage, we prioritize objectivity and discretion to deliver exceptional results.

Equities Trading: Market Leadership

Our Equities Trading desk stands as a market leader in Indian cash equities and equity derivatives. With cutting-edge execution services spanning leading platforms, including DMA, algorithm trading, and avant-garde programs, we offer unparalleled trading experiences. Our commitment to excellence and innovation ensures seamless execution for our clients, enhancing their trading outcomes.

Convertibles Trading: Unmatched Expertise

Operating from key global hubs in London, Singapore, and the United States, our Convertibles Trading desks offer unmatched client service and expertise. Catering exclusively to funds, hedge funds, asset management companies, and private banks, we specialize in trading Indian convertibles. Focusing on smaller and lesser-traded converts, we provide liquidity where an active secondary market is scarce, facilitating smooth transactions for our clients. Additionally, Elara Capital not only originates and distributes Indian convertibles but also offers research and market-making services, ensuring liquidity throughout the product lifecycle.

Fixed Income: Global Presence, Local Expertise

With a presence in London, New York, and Singapore, our Fixed Income division boasts longstanding relationships with hundreds of investors and market counterparties. Active across all types of fixed-income products, we provide comprehensive market insights, liquidity, and fair prices. Our team is dedicated to efficient execution, always prioritizing the best interests of our clients.

FX, Commodities, and Structured Products: Tailored Solutions

Our FX, Commodities, and Structured Products division offers bespoke solutions tailored to client requirements. Leveraging our in-house expertise and direct relationships with major investment banks, we provide customized solutions that meet the unique needs of our clients.

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Leading FCCB Fundraising with Global Expertise

Elara Capital facilitates FCCB new-issuance, leveraging its global investor network and deep expertise in convertible bonds. FCCBs provide cost-effective financing with equity-linked benefits, diversifying investor bases. Elara’s market-making capabilities, strategic investor relationships, and strong execution track record ensure seamless fundraising. Its global presence in London, New York, and Singapore strengthens cross-border transactions.

Convertibles Trading: Unmatched Expertise

Operating from global hubs, our Convertibles Trading desks specialize in Indian convertibles, providing liquidity, market-making, research, and seamless transactions for funds, hedge funds, asset managers, and private banks.

Fixed Income: Global Presence, Local Expertise

Extending Institutional Sales : Raising a Successful Investment Fund

Elara Capital empowers various funds including private equity, venture capital, hedge funds, real estate funds, and private credit by facilitating capital raising from Limited Partners (LPs) as an arranger. Leveraging an extensive investor network, we streamline the multi-stage fundraising process—from pre-offering research and investor outreach to securing commitments. Our expertise ensures seamless execution, from preparing marketing materials and conducting due diligence to negotiating terms. With deep market insights and strategic guidance, we help funds optimize their fundraising approach, access institutional investors, and navigate complexities with precision. Elara Capital is a trusted partner in driving successful capital-raising initiatives for private funds worldwide.

Expert Guidance on Convertible Bonds and High-Yield Securities

Elara provides advice on convertible bonds, offering valuable and easily comprehensible ideas to clients. The focus is currently on high-yield securities on account of our expertise in credit analysis. Our research coverage is not only far-reaching, spanning sectors such as Oil & Gas, Power, Commodities and Pipes to name a few, but also includes most of the universe. Our extensive corporate access provides clients with the ability to dialogue and collaborate with companies and management teams.

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Global Market Experts

David Somekh President & Head of Elara America

David Somekh - President & Head of Elara America

Bringing a strategic vision to his role, David Somekh assumes the position of President and Head of Elara Capital’s Americas business, spearheading the firm’s expansion endeavors with a focus on Corporate Finance origination/execution, in establishing to in developing, Emerging Market Sales/Trading, and third-party LP fundraising. With a rich and varied background, David’s extensive experience adds depth to his leadership. Having joined Elara Capital’s London headquarters in 2008, he was pivotal in establishing the Capital Markets division before relocating to New York in 2010 to spearhead Elara’s Americas business. Collaborating with institutional investors and corporations globally, the USA office leverages Elara’s expansive network to facilitate cross-border transactions and unlock new opportunities for clients. Prior to his current role, David accrued diverse expertise across sectors such as speculative energy investment, interest rate futures investment, sales/trading, and management accounting at reputable firms like BP and Fujitsu. David’s academic journey, marked by a theoretical physics degree from University College London, underscores his analytical prowess and commitment to intellectual rigor. At Elara Americas, David’s innovative leadership and strategic acumen propel the company’s growth and success, establishing Elara as a leader in the Americas region and beyond.

Joseph K. Mammen Managing Director - Head: Elara Capital (Asia) Pte Ltd

Joseph K. Mammen - Managing Director - Head: Elara Capital (Asia) Pte Ltd

Bringing strategic leadership to Elara Capital’s expansion endeavors in Southeast Asia, Joseph K. Mammen serves as the Managing Director based in Singapore. With a focus on bolstering the investment banking platform, Joseph aims to cater to corporations in the region and enhance cross-border deal flows by leveraging Elara’s global presence. With over a decade of experience in investment banking, Joseph’s expertise is evident from his previous leadership roles in Sales & Trading across Elara’s offices worldwide, where he originated and executed various financial transactions. Prior to joining Elara, Joseph held significant positions at Aberdeen Asset Management and GE Capital, further solidifying his industry acumen. Joseph’s academic background, including a first degree in Economics from Madras Christian College and a Master’s degree from Manchester Business School, underscores his commitment to continuous learning and academic excellence. With a tenure at Elara since 2005, Joseph’s dedication and leadership have played a pivotal role in driving the company’s growth and success in the Asian market.

Manu Krishnan MLRO - Elara Capital PLC

Manu Krishnan – MLRO - Elara Capital PLC

Manu Krishnan joined Elara in 2005 and presently heads Operations for Elara in London. He has over 19 years’ experience in Investment banking operations particularly in coordinating primary listings of Equity / Global Depositary Receipts and Convertible Bonds on the Luxembourg, Singapore and London International Exchanges. Manu has strong domain expertise in areas of legal, regulatory and documentation for Capital Markets new issues and has successfully concluded over 47 primary issue mandates with Elara. He also oversees trade support and settlement for the International Sales & trading team. Prior to Elara, he was working with Kotak Mahindra (UK) Limited. Manu has an MBA from Oxford Brookes University, U.K and a first degree in commerce from Mahatma Gandhi University, India. Manu is the MLRO representative for Elara with the UK FSA.

Gazala Khan Chief Compliance Officer - Elara Capital PLC

Gazala Khan – Chief Compliance Officer - Elara Capital PLC

Gazala Khan is the Chief Compliance Officer at Elara Capital PLC. Gazala graduated in Commerce from the Mumbai University, India and is also a professionally qualified Company Secretary from ‘The Institute of Company Secretaries of India’ and a Qualified Lawyer from the ‘University of Mumbai, India’. She has also earned the Investment Management Certification pertaining to UK Regulations and Markets from the CFA Society of the UK. Gazala has over 18 years of valuable expertise from her previous experiences with Mehta & Mehta, Company Secretaries; Reliance Capital Asset Management Limited, India; Reliance Capital Asset Management (UK) PLC & UTI International Limited in core compliance & legal work spanning across UK, Indian and overseas companies and offshore funds.

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