Chirag Agrawal, former Investment Banking Partner at EY India, has joined Deloitte as the new Head of Corporate Finance/Investment Banking in South Asia. Agrawal, an alumnus of the London School of Economics and Politics Science, brings over two decades of experience in investment banking, specialising in advising clients on strategic M&A and capital raising from public and private markets.
Before his tenure at EY, Agrawal held roles at several prominent financial institutions including Credit Suisse, Jefferies, Goldman Sachs, Deutsche Bank, JM Morgan Stanley, and KPMG.
Deloitte, led by CEO Romal Shetty, has been actively expanding its team. Shetty, who took over in April 2023, has spearheaded the firm's aggressive hiring strategy. Reports in July 2023 highlighted Deloitte's recruitment efforts, poaching multiple senior partners and over 100 professionals specializing in deal advisory from KPMG, including Vivek Gupta and Rohit Berry.
Furthermore, Deloitte's expansion included acquiring PwC network firms in Sri Lanka and Maldives in October, one of the largest combination deals in the region, involving 28 partners and 800 professionals.
In an interview with media, Shetty emphasised Deloitte's growth plans, expressing intentions to hire 40,000 to 50,000 professionals over the next 4-5 years. The firm's current workforce in India stands at approximately 1.2 lakh employees.