Praxis appoints former Axis Securities MD as Practice Leader for Financial Services Practice

Praxis Global Alliance, the global management consulting and advisory firm is pleased to announce that after a career of over three decades across various businesses in Financial Services, Arun Thukral has joined as a Practice Leader in the Financial Services Practice with them.

Arun has played leadership roles across Broking, Retail Lending, Wealth Management, and Treasury in Axis Securities and Axis Bank.

Globally, the financial services industry is in the midst of a major transformation, led by technology and the resetting of customer expectations. COVID-19 has, on the one hand, accelerated the digitalization of the industry. Further, the industry faces substantial headwinds due to subdued demand and an elevated risk of deterioration in asset quality. At the same time, several businesses, broking, for one, are seeing a surge of new customers powered by online brokerage platforms. Incumbents and challengers are having to reshape their business models. Praxis is excited, therefore, to have the benefit of Arun’s rich experience and look forward to working with him to deliver tangible, sustainable value for our clients. 

Arun will be leading the Asset Management and Capital Markets segments within Financial Services at Praxis and will spearhead client engagements on issues ranging from Strategy, Customer Engagement and Acquisition, Digital Transformation, Operational and Service Excellence and Organizational Effectiveness. 

 “I find the practitioner-led consulting model of Praxis is unique and powerful and synergistic with the high-quality work done and the track record of its leadership team. I am looking forward to working with the team to leverage my experience and build on the solid foundation already in place to take practical yet transformational solutions to clients,” commented Arun Thukral, Practice Leader, Financial Services, Praxis Global Alliance.

“Arun has a proven track record in building successful businesses and scaling them up. His proven leadership skills in running large organizations and vast experience across Financial Services domains and in Broking and Financial Planning are a prized addition to the Praxis capability set. It is an honor and privilege to have Arun on board, and we look forward to working with him to deliver lasting value to clients”, said Shishir Mankad, Head, Financial Services Practice, Praxis Global Alliance.

 Welcoming Arun to the Praxis platform, Madhur Singhal, Managing Director, Praxis Global Alliance, commented, “We are delighted to have Arun join us, and look forward to taking our Financial Services practice to the next level. His rich experience of over three decades will no doubt be very valuable to us and our clients.”