Credit Suisse Strengthens Indian Investment Banking With 11 Appointments

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Mumba - Credit Suisse has announced 11 appointments in its Investment Bank, demonstrating the growth of its franchise in India and its commitment to continued investment in this key market.

The 11 appointments are across the three departments of Credit Suisse’s Investment Bank: Equities, Fixed Income and the Investment Banking Department. They comprise five Directors and six Vice Presidents.

These appointments reflect Credit Suisse’s continued investment in India and our ability to attract leading talent', commented Mickey Doshi, Credit Suisse’s CEO for India. 'Our ongoing commitment to building the leading Investment Banking franchise in this market will benefit our corporate clients and institutional investors by delivering more market-leading idea generation, even better market insight and flawless execution across a broader range of products'.

These appointments follow the launch of operations at Credit Suisse’s Mumbai bank branch, which received its license from the Reserve Bank of India in August 2010. 'Our Fixed Income appointments in particular support our commitment to providing a broader range of solutions to our domestic and international clients through the bank branch, facilitating the flow of capital and investment into India', added Doshi.

Credit Suisse’s Mumbai bank branch enables the Bank to accept deposits and use its balance sheet to provide financing to clients, complementing the capabilities of Credit Suisse’s Non-Bank Financial Company in India. The license also permits Credit Suisse to deal in Indian Government securities, other domestic fixed income products and foreign exchange.

Credit Suisse is active in Wealth Management, Investment Banking and Asset Management in India, serving high net worth, corporate and institutional clients.

The appointments are as follow and are based in Mumbai unless otherwise specified.

Equities

Graham Lappin joins as a Director in Equity Sales. Lappin was previously an Executive Director and Head of Equity Sales at Royal Bank of Scotland in Mumbai. He had worked with RBS for close to 10 years in Mumbai and Hong Kong. He also previously worked with Merrill Lynch in Hong Kong.

Anubhav Kanodia joins as a Vice President in Equity Sales. He will be the India sales specialist based in Singapore. Kanodia joins from HSBC.

Lappin and Kanodia will report to Sangram Singh, Credit Suisse’s Head of Equity Sales for India.

Anantha Narayan joins as a Director in Equity Research, covering the Information Technology and Mid-Cap sectors. Narayan was previously at ICICI Securities, where he was Co-head of Equities. Before that, he worked at Morgan Stanley and CLSA.

Jatin Chawla joins as a Vice President in Equity Research, covering the Indian Auto sector. He joins Credit Suisse from IIFL, where he was the lead Auto analyst. Sandeep Mathew also joins as a Vice President in Equity Research, covering the Real Estate sector. He was previously with BNP Paribas Securities.

Narayan, Chawla and Mathew will report to Ashish Gupta, Credit Suisse’s Head of Equity Research for India.

Fixed Income

Neil Bharadwaj joins Credit Suisse as a Director and Chief Operating Officer and Senior Control Officer for the Mumbai bank branch. He previously worked at Bank of America for 10 years, most recently as a Director in the Global Market Operations Middle Office for Emerging Markets. Before Bank of America, Bharadwaj was with ICICI Bank. He will report to Sanjeev Bajaj, Bank Branch Manager and Head of Fixed Income for India.

Kiran Chakravarthy joins as a Director in Fixed Income Sales. He was previously a Vice President in BNP Paribas’s Institutional Clients Group for Asia and has also worked for Barclays Capital and Cognizant.

Divik Maheshwari and Devashish Roy join as Vice Presidents in Fixed Income Sales. Both had previously worked for more than four years at Deutsche Bank.

Chakravarthy, Maheshwari and Roy will report to Sanjay Singh, Credit Suisse’s Head of Fixed Income Sales for India.

Ujjwal Kumar joins as a Vice President in Fixed Income Trading. He was previously at Standard Chartered. Kumar will report to Ajit Hebbar, Head of Fixed Income Trading for India.

Investment Banking Department

Ankur Choudhary joins as a Director in Credit Suisse’s Global Markets Solutions Group, responsible for originating and structuring risk solutions for corporate clients. Ms. Choudhary was previously an Executive Director for Credit and Rates Markets at JP Morgan. Before JP Morgan, she worked at ICICI Bank in the Global Markets Group.

Ms. Choudhary will report to Rahul Chawla, Head of the Global Market Solutions Group for India.

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