Nalin Nayyar appointed Head of India Investment Banking at Religare Capital Markets

Mr Nayyar was previously with Citigroup Global Markets Pvt. Ltd. where he was a Managing Director in the Investment Bank, responsible for coverage of key relationships in the industrials sector, including mining and metals and capital goods. Before that, he was with Lehman Brothers in India and London.

According to a press release from Religare, Mr Nayyar brings a combined nineteen years of investment banking experience across the United States, Europe and Asia. He will report to Mr Tarun Kataria, CEO RCML India and to Mr Sutha Kandiah, Global Head of Investment Banking based in Singapore.

"We are delighted to have Nalin join the team as the head of investment banking of our Indian businesses," Mr Kataria said.

"At RCML, we are confident that he will be provide the leadership required to build out and drive our rapidly growing Investment Banking business in India. Nalin's experience together with the global banking team will allow us provide significant value to our clients as they look to acquire offshore assets and raise growth capital in the global markets. The addition of Nalin to our team is a significant step in reaffirming our commitment to create a market leading emerging markets focused global Investment Banking and Institutional Securities business," he said.

Mr Kandiah said Mr Nayyar would play a key role in steering the investment banking franchise to a leadership position in India.

"The appointment of Nalin to the helm of our Indian investment banking team, in addition to the quality of senior hires that we have made globally in the past year, underscores our commitment to developing a world-class emerging markets focused global investment banking franchise," he added.

NNN