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Shiva Bavamala
Managing Director
Shiva Bavamala has more than 24 years of experience in finance and banking, specializing in market risk, counterparty risk, credit derivatives, OTC markets, OTC derivatives, and advanced financial modelling. He is the former Head of European Corporate Credit at Barclays Bank and has held senior roles across global financial institutions.
Market Risk & Counterparty Risk Expert Witness
Shiva spent nearly a decade at Barclays Bank in London, where he served as Head of European Corporate Credit. In this role, he managed a £2 billion corporate credit portfolio and subsequently ran the European corporate flow investment-grade CDS book, with annual trading volumes of approximately £20 billion. His responsibilities included trading in European corporate credit default swaps, managing complex credit exposures, and overseeing market risk, VaR, stress testing, reporting, and portfolio strategy.
Prior to Barclays, Shiva held treasury, trading, and analytical roles at ICICI Bank UK PLC, ING Vysya Bank, and Morgan Stanley. He served as a treasury dealer at ICICI Bank UK PLC, a rates trader at ING Vysya Bank, and a research analyst at Morgan Stanley in Mumbai, gaining experience across treasury markets, rates products, capital markets, and financial analysis.
Shiva also served as a consultant at IHS Markit in London, advising financial institutions on market risk, regulatory capital, counterparty risk pricing, and valuation infrastructure. His work combined technical modelling expertise with practical experience in trading, portfolio risk, and regulatory requirements, and included support on valuation, damages quantification, scenario analysis, and claims involving complex financial instruments. He has also advised venture capital funds in India and the Middle East on valuation, capital raising, and deal flow.
In addition to his industry experience, Shiva has taught financial derivatives and finance courses at IIM Bangalore and Hero Vired, and has participated in MBA admissions panels.
He holds a Post Graduate Programme in Management from the Indian Institute of Management Bangalore and a Bachelor of Technology in Aerospace Engineering from the Indian Institute of Technology Madras.
EXPERTISE
Market Risk
Counterparty Risk
Credit Derivatives
OTC Markets - Structure and Mechanics
OTC Derivatives Book Administration
Advanced Excel Modelling
EDUCATION
Indian Institute of Management, Bangalore
Post Graduate Programme in Management
2002
Indian Institute of Technology, Madras
B.Tech – Aerospace Engineering
2000
WORK HISTORY
SEDA Experts
Managing Director
2026-Current
Fin-I
Founder CEO
2024-Current
Independent Consultant
Consultant
2021-2024
IHS Markit
Consultant
2017-2020
Barclays Bank
Head of European Corporate Credit
Senior Flow Trader
2007-2016
ICICI Bank UK PLC
Treasury Dealer
2005-2007
ING Vysya Bank
Rates Trader
2004-2005
Morgan Stanley
Research Analyst
2002-2004
Contact
Shiva Bavamala
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555

