Orbis Strengthens Board, appoints U.R. Bhat and Rajesh Narain Gupta as Independent Directors

Mumbai, India – April 19, 2017: Orbis, a leading SEBI registered Custodian, Designated Depository Participant(DDP) and Derivatives Clearing Member, announced the induction of two new members to its Board - Mr. U.R. Bhat and Mr. Rajesh Narain Gupta and - theyhave been appointed as Independent Directors to the board of the company.

Mr.Rajesh M Sharma Chief Executive Officer, said, "Mr. Bhat and Mr. Guptacome with rich and diverse experiences and we believe that they will bringimmense value to the organization. With a strong legacy of legal practices andglobal investment experience, our board will help further strengthen our servicecommitment to our esteemed clients.”

Mr. AtulGupta, Chairman & Managing Director, said, "Our new independentdirectors bring a wealth of international experience and strong governance tothe board. Their commitment will be key to the development of our business, andwith the two experienced directors, Orbis is set to create higher benchmarksfor the industry.”

Thedirectors will be responsible for contributing to Orbis’s overall strategy andincreasing offerings to both existing and new clients.

Mr. U.R.Bhat is one ofIndia's well known investment managers having managed foreigninstitutional investments in Indian equities for more than two decades. He wasthe Chief Investment Officer of Jardine Fleming in India for 7 years,which subsequently became a part of JP Morgan. He joined the Dalton group, UKin 2005 to lead their entry into India and is currently Director ofDalton Capital Advisors (India) Pvt. Ltd. Mr. Bhat is an M.Sc. from IIT, Kanpurand has attended advanced courses on Finance at the Harvard Business School,Boston and Indian Institute of Management, Ahmedabad. He is a Fellow of theChartered Institute of Bankers, London. 

He has beeninvited to the Boards of several companies in India as an independent Director.He is currently on the Board of The Karnataka Bank Ltd., Axis Asset ManagementCo. Ltd., Edelweiss Asset Management Ltd., IRIS Business Services Ltd., SubhkamCapital Ventures Pvt. Ltd., Repro India Ltd., Dalton Capital Advisors (India)Pvt. Ltd and BlueStreet Capital Management Pvt. Ltd. 

Mr.Rajesh Narain Gupta isthe Managing Partner at SNG & Partners, a leading Legal Firm havingpresence in Mumbai, New Delhi, Singapore and Qatar. Mr Gupta brings with himover 28 years of experience in corporate and transactional matters, includinglitigation. His area of specialization includes Banking and Finance, CommercialLaws, Real Estate and Private Client practice. He is an advisor to severalforeign and Indian Banks, Financial Institutions, Corporate and IndustrialHouses, Real Estate players. He has been a pioneer in India in Succession &Estate Planning. 

Mr. Gupta isrecognized amongst the top 100 lawyers in India in a definitive “A List” ofIndia’s legal profession published by India Business Law Journal, incollaboration with the Indian Corporate Counsel Association (ICCA) in 2016.

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