TORONTO, Sept. 10, 2013 /CNW/ - Aktiv Kapital is pleased to announce the appointment of Ramesh Kashyap as Head of Investments for Canada.
Mr. Kashyap will lead business development activities, as well as create and manage new strategic opportunities with a focus on developing and growing Aktiv Kapital Canada's distressed and alternative investments portfolio. As financial institutions make portfolio sales a core part of their business strategy, Aktiv Kapital's investments help sellers reduce risk, redeploy capital, effectively use resources and benchmark internal performance.
As a graduate of the University of Toronto's Rotman School of Business, specializing in finance & economics Kashyap states "The Canadian market offers many opportunities for distressed investing and Aktiv Kapital is well positioned for opportunistic and sustainable growth".
Most recently, Mr Kashyap was a managing partner at Darion Capital, whose focus was to find and finance distressed commercial loan and equity opportunities. Previously, he was a senior vice president and head of business development for Wachovia Capital Canada and prior to that senior vice president with GE Capital.
About Aktiv Kapital
Headquartered in Oslo, Norway, Aktiv Kapital serves 15 markets around the world and has purchased more than EUR 20 billion in non-performing loans from world's leading financial institutions. With Canadian assets of more than $5 billion, Aktiv Kapital brings over 20 years of industry experience with industry leading analytics, customer centric servicing approach and award winning customer initiatives.
SOURCE: Aktiv Kapital Canada Ltd.
For further information:
Aktiv Kapital Sourcing AS, Canada Branch
Ramesh Kashyap, Head of Investments | Canada
First Canadian Place
100 King Street West, Suite 5600
Toronto, Ontario M5X 1C9