SBICAP Securities appoints Mufaddal Matcheswala as CBO - Capital Markets
Matcheswala brings over 23 years of experience in the financial services and capital markets industry
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Published: Sep 1, 2026 12:14 PM | 2 min read
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- SBICAP Securities Limited has appointed Mufaddal Matcheswala as Chief Business Officer (CBO) for Capital Markets, effective immediately.
- Matcheswala will focus on leading business strategy, driving growth in retail and institutional sectors, enhancing customer engagement, and expanding distribution.
- He brings over 23 years of experience in financial services, having previously spent nearly two decades at HDFC Securities in various leadership roles, including CBO.
- Both Baldev Prakash, MD & CEO of SBICAP Securities, and Matcheswala emphasized the importance of customer relationships and innovative solutions in driving the company's growth agenda.
SBICAP Securities Limited has announced the appointment of Mufaddal Matcheswala as its Chief Business Officer (CBO) – Capital Markets.
In this role, Matcheswala will lead the company's business strategy, drive growth across its retail and institutional businesses, strengthen customer engagement, expand distribution, and spearhead strategic initiatives to further enhance SBICAP Securities' market position.
Matcheswala brings over 23 years of experience in the financial services and capital markets industry. Prior to joining SBICAP Securities, he spent nearly two decades with HDFC Securities, where he held several leadership positions, most recently serving as Chief Business Officer.
Baldev Prakash, Managing Director & CEO, SBICAP Securities Limited, said: "We are pleased to welcome Mufaddal to SBICAP Securities. His strong track record of building scalable businesses, driving customer-led growth, and delivering execution excellence makes him an ideal leader for this role. As we continue to expand our market presence, strengthen our distribution capabilities, and deepen customer engagement, his leadership will play a pivotal role in accelerating our growth agenda and creating greater value for our clients and the business."
Mufaddal Matcheswala, Chief Business Officer, SBICAP Securities Limited, added: "SBICAP Securities has built a strong foundation anchored in trust, enduring customer relationships, and the strength of the SBI ecosystem. I look forward to working closely with the leadership team to accelerate growth, deepen customer engagement, strengthen our distribution capabilities, and deliver innovative, customer-centric solutions that create long-term value for our clients and stakeholders."
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