Our Board and the Management Team have formed NIBL Ace Capital with an intent to enhance standards and maintain integrity in the growing capital market. Thus, our founders and management team are dedicated in establishing and adhering strategic plan that will open opportunities and mitigate potential risks. With our strong background and expertise, we will keep developing our services and serve our customers efficiently.

Board of Directors

Mr. Sachin Tibrewal,


Mr. Tibrewal is a registered Chartered Accountant and holds a Diploma of Information Systems Auditor (DISA) degree from India. He has an extensive experience in the field of Accounting and Finance. He served Deloitte Haskins & Sells, a member firm of Deloitte Touche Tohmatsu UK, as an Assistant Manager of the audit department for 2 years. In 2003, he joined Nepal Investment Bank Limited as a Head of Internal Audit and Compliance and now serves as the Head of Accounts and Finance. He has over 10 years of experience in accounts, finance, taxation and audit.

Mr. Binod Kumar Guragain,


Mr. Binod Kumar Guragain holds a MSc in Business Administration (MSBA) degree from the University of Illinois at Urbana-Champaign, U.S.A. He has been serving in banking and financial industry of Nepal for more than 35 years. Currently, he has been serving as an Executive Director at Youth and Small-Entrepreneur Self-Employment Fund (YSEF), Ministry of Finance, Nepal. He has also been a former Director of Nepal Investment Bank Ltd till October, 2017. His main contributions have been working for mainstream banking which involves business and strategic planning, human resource management, and training & development. Apart from his contributions to Nepalese banking and financial industry, he has also been involved in various non-state agencies such as World Bank, ADB, PTA, RIDA, CPReC and NEAT as a consultant.

Mr. Deepak Kumar Shrestha,


Mr. Shrestha holds an M.A. Degree and Bachelor of Laws from Tribhuwan University, and an LL.M. (Master of Laws) from PU, Nepal. He enrolled in Bar in 1991 A.D. as an Advocate. He worked as a practicing lawyer from 1991 to 2000 as an Associate Advocate of Mr. Kusum Shrestha, Senior Advocate. He has also worked as Company Secretary/ In-House Lawyer of Nepal Grindlays Bank Ltd. (presently Standard Chartered Bank Nepal Ltd.) in the year 1998, when their Company Secretary/ In-House Lawyer was away in Australia for higher education. Later he joined Nepal Indosuez Bank Ltd. (presently Nepal Investment Bank Ltd.) as Head of Legal and Loan Administration Department from November 2000 to November 2003. Currently, he has been serving as Head of Legal/Recovery Department and Reporting Authority of Shares Department of Nepal Investment Bank Ltd. Furthermore, he is also a member of SAARC Law, Nepal, Supreme Court Bar Association, Nepal Bar Association and Nepal Law Society.

Ms. Bandana Thapa,


Ms. Bandana Thapa, having extensive experience in Nepal Investment Bank, is currently leading Compliance Department of Nepal Investment Bank Ltd. She has cumulative experience of 24 years in Nepal Investment Bank in different fields and has thorough knowledge and understanding of Nepal banking legislation, rules and regulation and relation with international corresponding banks. Her major achievement as a Head of Compliance was establishment of Compliance Department of NIBL.

Moreover, she was branch manager of Battisputali Branch from 2008 to 2014 where she led the branch in top position in terms of new deposits, diversified portfolio and wide customer base. Furthermore, she is also a member of Board of Director of Sajha Yatayat since 2011.

Mr. Ram Krishna Khatiwada,

Independent Director

Mr. Ram Krishna Khatiwada, having more than 13 years of experience of managing organization, finance and accounts, audits and compliance, fund management, treasury, and different other sectors, is currently working as Senior Manager (Group Manager) in IMC Worldwide (DFID) to Investment Board of Nepal. He has worked more than 2 years in HIDCL as a financial analyst. He joined Nepal Investment Bank in 2010 as Project Head for its capital markets venture and later took charge of overall operation as its General Manger and Company Secretary.

Mr. Rabindra Bhattarai,

Independent Director

Mr. Rabindra Bhattarai is a faculty member of Shanker Dev Campus and is affiliated with Canvas International College, Nepal Commerce Campus and United College. He was also the director of Sagarmatha Merchant Banking and Finance Ltd. He received his MBA from Tribhuwan University.

Management Team

Mr. Shivanth B. Pandé,

Chief Executive Officer

Mr. Pandé holds a Master degree in Financial Economics from University of St Andrews, United Kingdom. After completing his Master degree he started his professional career in 2005 as a Development Consultancy at Deloitte Touche Tohmatsu Emerging Markets Group. In 2007, he joined Nepal Investment Bank Limited as a Management Trainee and over the course of time he served as a Head of Economic Research and Business Development Department.

In 2012, he was nominated and appointed by Nepal Investment Bank as the Chief Executive Officer of its subsidiary, NIBL Ace Capital (then NIBL Capital Markets) Limited. His areas of expertise include Economic Research and Financial Analysis, Mobile Banking, SME Finance, Private Equity, and Venture Capital.

Mr. Mekh Bahadur Thapa,

General Manager

Mr. Mekh Bahadur Thapa is a Chartered accountant holding professional memberships of Institute of Chartered Accountants of India and Institute of Chartered Accountants of Nepal. He has more than 8 years of working experience in various fields such as Accounting, Auditing, Financial Analysis and Capital Market. Prior to joining NIBL Ace Capital, he worked as Chief Operating Officer (COO) and Company Secretary of Siddhartha Capital Limited for 3 years. As a COO and Company Secretary, he was instrumental in the successful launch of its maiden mutual fund scheme and follow on scheme. He has led the Financial Information analysis and Management and International Affairs for SEBON for four years which involved policy amendments and implementations. He has also been involved in teaching Financial Management, Derivatives and Accounting in various colleges along with participating in Capital Market programs organized in the USA, Japan, Malaysia, Philippines, Thailand, Sri Lanka, India and Nepal.

Mr. Kabindra Dhoj Joshi,

Deputy General Manager

Mr. Kabindra Dhoj Joshi, holds  MBA/EMBA degree, and has more than 17 years of experience in the area of merchant banking services. His experience in the investment banking sector, market relation and knowledge of the capital market has made him a valuable asset in the Industry. Prior to his joining NIBL Ace Capital Markets Ltd, he was the General Manager of Growmore Merchant Banker Limited for 5 years.

Mr. Joshi actually started his career from NIDC Capital Markets Ltd in 1998 where he worked for 9 years and handled various responsibilities in different departments. Then, he joined at Ace Development Bank Ltd. as Deputy Manager in 2007 for their Merchant Banking Department and helped the bank to setup their Merchant Banking Business.


Mr. Badri Prasad Pyakurel,

Assistant General Manager

Mr. Pyakurel has worked in Banking and Capital Market for 14 years. He holds Masters degree in Economics and Bachelors in Mathematics from Tribhuwan University (TU). He also holds over 15 years of teaching experience in Tribhuwan University, Pokhara University and Purwanchal University. With his experience and exposure, he has in-depth knowledge of regulatory mechanism of money market and capital markets, functionalities of securities issue and trading, securities business and mutual funds.