HDFC Securities has repositioned its retail research division to HSL Prime Research. 

This strategic shift underscores the firm’s commitment to advancing its research capabilities, ensuring clients have access to information vital for navigating financial markets. 

The repositioned division will concentrate on delivering comprehensive market analyses, investment insights, and expert commentary through a diverse suite of research products designed to meet the changing needs of both existing and prospective clients.

For this, Devarsh Vakil has been appointed as the new head of HSL Prime Research, succeeding Deepak Jasani, who retired on 31 December 2024 after a tenure of over two decades.

Vakil was previously deputy head - retail research. 

Dhiraj Relli, MD and CEO, HDFC Securities, said, “Deepak’s insights and expertise were fundamental to our success. He leaves behind a respected legacy in the industry, and we extend our heartfelt gratitude as he begins a new chapter in his life. This appointment showcases the talent within our organisation and our commitment to career development. Under Devarsh's leadership, we are eager to redefine our research offerings under the HSL Prime Research banner, enhancing our value proposition.”

Vakil added, “I am honoured to lead the HSL Prime Research team. Our objective is to establish new standards in research quality and innovation, equipping our clients with the insights necessary for success in their investment journeys and we aspire to be their trusted partner in navigating the complexities of the markets.”