Mr. Sandip Shah, Head of IFSC Dept. at Gujarat International Finance Tec – City Co. Ltd (GIFT City). GIFT City is developing an International Financial Services hub in Gandhinagar, Gujarat. Mr. Shah has over 13 years of professional experience in Project Development, Policy Matters, International Financial services regulations and Securities market.

Mr. Sandip Shah is a Bachelor of Commerce and Master of Business Administration with specialization in International Finance. He has also done Diploma in Foreign Exchange and Risk Management and Company Secretary – Intermediate from Institute of Company Secretaries of India.

He has been involved from the beginning of International Financial Services Centre at GIFT City. He has been leading various initiatives with IFSC Authority, Ministry of Finance, RBI, SEBI and IRDAI to develop and promote IFSC globally. He is also instrumental in preparing key regulatory proposals for IFSC institutions. Mr. Shah works closely with IFSC Authority for developing new lines of business such as Aircraft leasing, International Bullion Exchange, Offshore Fund management etc.

Currently, he is the Head of IFSC Department at GIFT City and has been instrumental in bringing domestic and international financial institutions in GIFT City. Mr. Shah has played key role for signing cooperation for GIFT City with Bloomberg, Refinitiv and educational institutes like Gujarat National Law University, Nirma University, ICFAI Business School and National Institute of Financial Management (NIFM).

Mr. Shah has worked extensively in various Committees formed by Ministry of Finance, Ministry of Commerce, Ministry of Civil Aviation in the areas of international financial services.

Currently, Mr. Shah is a Member of Steering Committee set up by Ministry of Finance for promoting export of financial services in India and a Member of Fintech Evaluation Committee set up by IFSC Authority. Mr. Shah has worked extensively for brining new business activities in the areas of Fintech, bullion trading, Ship leasing and foreign universities in GIFT IFSC.

He has previously worked with HSBC in the Securities Market vertical and National Securities Depository Ltd (NSDL) at Mumbai between 2010 to 2015. He has in his earlier assignment worked for operationalizing India’s first Insurance Repository.