Nomura, an investment bank announced the appointment of Indraneil Borkakoty as Head of Equity Capital Markets (ECM), India today. In this role, Borkakoty will be reporting to Nipun Goel, Head of Investment Banking for India, and Mark Williams, Head of ECM for Asia ex-Japan, said the company in a statement.
Speaking on the appointment, Williams said, “This appointment is crucial to our strategy of building the leading ECM franchise in Asia. India accounted for 16 per cent of the total ECM volume in Asia ex-Japan in the first half of this year and is an important market for our ECM business.”
Borkakoty joins from Kotak Mahindra Capital where he headed ECM. He spent five years at Kotak Mahindra Capital and prior to that he worked at ICICI Securities, KPMG, and Lazard.
Nomura India received its merchant banking license in December 2008 and commenced its primary dealership operation in September 2009, which allows 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 has also received its non-banking financial company (NBFC) license in India.