People Digest: Nomura names new SEA investment banking head, Bueno co-founder quits

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Nomura Holdings has named Jwalant Nanavati as the new head of its Southeast Asian investment banking business, according to an internal memo seen by Reuters on Tuesday. Separately, Sandeep Arora, co-founder of Bueno Finance, has quit the fintech firm he had floated three years ago, following an internal dispute with other shareholders, VCCircle reported on Tuesday.

Nomura names Southeast Asia investment banking head

Nomura Holdings has named Jwalant Nanavati as the new head of its Southeast Asian investment banking business, according to an internal memo seen by Reuters on Tuesday.

Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1 but relocate to Singapore only later this year.

He replaces Sarab Bhutani, who is leaving for personal reasons, the memo said. Bhutani joined Nomura two years ago after more than a decade at Standard Chartered.

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