Sarang Agarwal

Index Production Lead with 9+ years of experience designing, automating, and operating rules-based indices across equity, fixed income, derivatives, commodities, and ESG/thematic strategies. Lead a regional team managing the full index lifecycle — validation, launch, rebalancing, governance — for a global fintech client base. Skilled in SQL and AI-driven automation to improve accuracy and turnaround. Partners with global teams, vendors, and clients to deliver IOSCO- and BMR-compliant benchmarks.

Index Production Lead at MerQube (2024-09 – 2026-09)

• Lead and mentor MerQube’s regional index production team, overseeing 10,000+ rules-based equity and multi-asset indices.
• Build AI-driven automation across the production stack, cutting manual touchpoints by 20% and reducing turnaround on daily tasks.
• Own the full index lifecycle — validation, launch, rebalancing, and governance — across equity, fixed income, derivatives, and commodities benchmarks.
• Maintain index accuracy through daily pre-dissemination quality checks and end-of-day validations, verifying market and reference data via Bloomberg, FactSet, LSEG, and EDI.
• Run root-cause investigations and remediations on data discrepancies to ensure SLA compliance and index integrity prior to client publication.
• Lead data cleanup drives to audit and cleanse financial data — both externally sourced and internally maintained — ensuring consistency, accuracy, and compliance with IOSCO and Benchmark Regulations (BMR); conduct vendor reviews with CME, LSEG, and LME to resolve discrepancies at source.
• Research corporate actions and oversee their accurate application across all indices with equity as an asset constituent, partnering with data vendors to validate and reconcile event terms.
• Integrate ESG data and thematic criteria into index methodologies to support sustainable investment product offerings.
• Author and review index methodology documents, ensure alignment with financial benchmarks, and produce regulatory compliance statements for global clients.
• Track index launches, methodology updates, and operational workflows through Jira to ensure timely execution and transparency across global stakeholder teams.
• Serve as senior point of contact for stakeholder and client inquiries on index data, calculations, and methodology.
• Drive cross-regional collaboration with global production teams to ensure seamless follow-the-sun coverage and operational continuity.

Lead Analyst at Evalueserve (2023-03 – 2024-09)

• Provided Equity Index Research services for a major European Investment Bank.
• Constructed and tested 20+ indices monthly within an equity framework of 2,500+ indices using quantitative methods.
• Oversaw daily portfolio calculation and rebalancing activities.
• Analysed and disseminated research findings to internal and external clients.
• Managed onboarding, maintenance, and issue resolution for a portfolio of 500 FX Select Indices.
• Spearheaded automation of workflows, driving a 15% lift in operational efficiency.

Senior Research Associate at Evalueserve (2019-07 – 2023-03)

• Oversaw daily monitoring, corporate action updates, and rebalancing for a portfolio of 1,500+ equity indices.
• Developed and deployed VBA-based automation tools to streamline data validation, saving 72+ hours per month.

Research Associate at Evalueserve (2017-02 – 2019-06)

• Supported daily validation and monitoring of equity index calculations.
• Conducted quantitative research and data analysis to support index performance reporting.

Master of Business Administration (M.B.A.) in Finance and Financial Management Services – ICFAI Business School – Hyderabad (2017)