

Deep was born on August 31, 1967 as the second child of Dr. Dinesh Prasad Ambasht and Mrs. Shail Ambasht in Ranchi, India. He was the brother of Raj Kumar and Jaya Ambasht. He moved to the United Kingdom at the age of ten. He gained a Master's in Engineering from the University of Cambridge, a Master of Science in Aerodynamics and a doctorate in Hypersonic Aerodynamics from Cranfield University.
On December 4, 1995, he married Dr. Nidhi Sinha, and two years later, they moved to New York, where he began his career in trading. In 2002, he developed the SABR volatility model, revolutionizing the way in which derivatives were valued and traded.
On July 16, 2005, Deep and Nidhi welcomed their beautiful daughter, Avanti. Avanti has and always will be his little princess, and the last trip he took was to drop her off at Boston University.
Everyone knew Deep as a childish, funny jokester who was always so very genuine and pure. He dedicated his life to his trade and his family, and has left an everlasting legacy. Whilst it is with profound grief that we say Deep is no longer with us, we take joy and comfort from the memories he has left us and we know that he will be looking down on us, laughing, from above.
A celebration of life visitation and ceremony for Deep will be held Thursday, September 26, 2024 from 3:30 PM to 7:30 PM at Babione Funeral Home, 10060 Calle Comercio Drive, Boca Raton, FL 33428. The procession will occur Friday, September 27, 2024 from 10:15 AM to 10:45 AM, 10060 Calle Comercio Drive, Boca Raton, FL 33428. The cremation ceremony will occur Friday, September 27, 2024 from 11:00 AM to 12:00 PM at Gold Coast Crematory, 796 Northwest 57th Street, Fort Lauderdale, FL 33309.
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