AIM-listed India-focused private equity firm Elephant Capital has appointed Vikram Lall as a non-executive director on its board. Last month, Niraj Agarwal had stepped down from the board of the firm even as he continues as a special advisor to the company and Elephant Capital had said it was considering bringing in a non-executive director.

The 63-year-old Lall has nearly 40 years of corporate finance experience in the UK, most recently at Brewin Dolphin Holdings PLC, where he was a Corporate Finance Director and board member for a decade. Prior to its acquisition by Brewin Dolphin, he was a Corporate Finance Director at Bell Lawrie White & Co, for six years, and he has been an executive director of Noble Grossart Ltd, an Edinburgh-based merchant bank.

Lall, who was awarded the title of Commander of the Order of the British Empire (CBE) five years ago for his contribution to business in Scotland, is a non-executive director of ISIS Property Trust and Crown Place VCT, both of which are quoted entities. He was chairman of the Scottish Industrial Development Advisory Board between 2002 and 2007.

Lall will join the likes of former McKinsey consultant PR Sinha who chairs the board of Elephant Capital besides Francis Hancock (emerging markets investment banking specialist who heads Barclays’ M&A advisory business in India), James Hauslein (former CEO of Sunglass Hut who runs his own private equity firm) and managing partner Gaurav Burman (part of Dabur Group).

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