Published On: Tue, Mar 2nd, 2010

Nomura India Builds Up Scale With Senior Level Appointments

Nomura, the global investment bank, announces the appointments of Mr. Nipun Goel as Head of Investment Banking and Mr. Nitin Jain as Co- Head of Fixed Income in India. Mr. Neeraj Gambhir, who is currently the Head of Nomura’s credit business in India, will co-head the Fixed Income business along with Nitin Jain.

In announcing these appointments, Mr. Vikas Sharma, CEO for Nomura India said: “Nomura India is pleased to announce these appointments. India is a market of key strategic importance to Nomura as the leading Asia global investment bank, and the invaluable experience of Nipun, Nitin and Neeraj will help us to further strengthen our presence in India.” Mr. Sharma further added: “These appointments underscore Nomura’s focussed and ongoing build out plans for India and highlight the strength of our platform to attract outstanding professionals. We continue to build and develop our team further.”

Mr. Nipun Goel joins from Merrill Lynch India, where he spent 14 years. Nipun has wide experience in capital markets, both on equities and debt, corporate finance, client coverage and origination across several sectors.

Mr. Nitin Jain was most recently with ICICI Securities, where he was CEO of the Primary Dealership. The business he ran was consistently ranked amongst the top 3 fixed income houses in India. Nitin spent 14 years in ICICI Securities.

Mr. Neeraj Gambhir has 14 years of experience in Indian fixed income, currency and derivative markets. He joined Nomura in October 2008 from Lehman Brothers. Prior to this, Neeraj was, as a Senior General Manager, Global Head of Structured Finance and Advisory and Global Head of Asset Liability Management at ICICI Bank. He was Chairman and member of the board of Fixed Income Money Market Dealers Association of India from 2006 to 2007.

Nomura India received a Merchant Banking license in Dec 2008 and has a strong Investment Banking team presence in Mumbai providing relationship coverage, M&A and capital markets expertise. Nomura is amongst the top tier advisory firms in India with robust and industry leading cross border credentials. Nomura’s Investment Banking in India has been lead advisor on several marquee transactions and continues to gain momentum, making noteworthy progress and further building on its strengths.

Nomura India commenced its primary dealership operations 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 is also seeking registration as a non-banking financial company (NBFC) in India.

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