Published On: Mon, Aug 30th, 2010

Nomura India Appoints Head of Equity Capital Markets

Nomura, the global investment bank, announces the appointment of Mr. Indraneil Borkakoty as Head of Equity Capital Markets (ECM), India. In this role, he reports to Mr. Nipun Goel, Head of Investment Banking for India, and Mr. Mark Williams, Head of ECM for Asia ex-Japan.

Mr. Goel said: “Indraneil brings invaluable experience and expertise. This will further strengthen Nomura’s presence and continued build-out in India as a leading Asia-based global investment bank.”

Mr. Williams welcomed Indraneil who joins with an extensive track record in the local market: “This appointment is crucial to our strategy of building the leading ECM franchise in Asia. India accounted for 16% of the total ECM volume in Asia ex-Japan in the first half of this year and is an important market for our ECM business.”

Indraneil joins from Kotak Mahindra Capital where he headed ECM. Indraneil spent five years at Kotak Mahindra Capital and prior to that he worked at ICICI Securities, KPMG, and Lazard. With 15 years experience, Indraneil brings an extensive track record in equity capital markets, having managed numerous landmark transactions.

In announcing the appointment, Mr. Vikas Sharma, President and CEO, Nomura India, said: “I am pleased to announce Indraneil’s appointment. India is a market of key strategic importance to Nomura. This appointment further highlights the strength of our platform to attract outstanding professionals. We continue to build and develop our team further.”

Nomura India received its merchant banking license in December 2008 and has a strong investment banking presence in Mumbai providing relationship coverage, M&A advisory and execution, and capital markets expertise. Nomura is one of the top-tier advisory firms in India with industry leading cross-border credentials.

Nomura’s investment banking team in India has been lead advisor on several marquee transactions, both in M&A and the capital markets, and continues to gain momentum, making noteworthy progress and further building on its strengths. Some of the major transactions in the capital markets include: Godrej Properties, Tata Power, Essar Communication Holdings, IL&FS Transportation Networks, and Jubilant Organosys. Nomura was also lead financial advisor to Aircel on a divestment to GTL Infrastructure and joint financial advisor to Tata Teleservices (TTSL) in the merger of the tower business of TTSL with Quippo Telecom infrastructure.

Nomura India commenced its primary dealership operation in September 2009, allowing it to access and trade Indian interest rate risk via underwriting and distributing government bonds as well as trading in local currency interest rate swaps.

Nomura has also received its non-banking financial company (NBFC) license in India.

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