Morgan Stanley appoints new India investment banking co-heads

The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in the Manhattan borough of New York City, January 20, 2015. REUTERS/Mike Segar

Morgan Stanley has appointed new heads for its Indian investment banking unit, promoting its senior bankers Kamal Yadav and Sachin Wagle to the role of co-heads of India Investment Banking, said a person aware of the development.

Yadav and Wagle will be responsible for client coverage and management of the investment banking business in India, the person said.

Yadav joined the firm in 1999 and has been instrumental in building Morgan Stanley’s India banking franchise over the past 21 years, while Wagle joined Morgan Stanley in 2000. He had been heading the firm’s global capital markets practice since 2014.

The firm has also announced that Sanjay Shah will be the country head in India. He was the India co-head along with Aisha de Sequeira since 2013. Shah had joined Morgan Stanley as an associate in 1996 in the institutional equities division. He was promoted to managing director in 2005.

These changes follow the passing away of Sequeira, one of the few top women investment bankers in the country, last month. She was undergoing treatment for cancer.

The firm has also promoted Samarth Jagnani to the role of head of India, global capital markets. Jagnani joined the firm in 2007.

This article was first published on livemint.com

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.