Atul Mehra, the joint managing director at JM Financial Services, has resigned from his position after a 33-year tenure. He is set to join Axis Capital as the managing director and chief executive, filling the vacant position since December 2018. The role of interim managing director Salil Pitale, who has been in the position since 2018, is unclear. Mehra's resignation is effective by April 20, as he pursues alternative career opportunities. JM Financial Services recently ranked sixth in the Indian equity capital market league table, while Axis Capital fell to the ninth position.
