Religare Capital Markets Limited (RCML), the Investment Banking and Institutional Securities arm of global financial services group, Religare Enterprises Limited, is pleased to announce the appointment of Shehzad Farid Anwar as Head of Middle East.
Shezhad joins RCML with 16 years of experience in Middle Eastern and Asian equity markets and brings strong relationships with sovereign wealth funds, institutional investors, banks and large family offices. He was formerly with CLSA in Dubai as Head of Middle East, having also launched BMA’s retail brokerage business and spent a decade in emerging markets equity sales.
Commenting on this latest appointment to RCML’s senior team, Nick Holtby, Global Head of Equities said: “We are delighted to welcome Shehzad to the RCML team. Sitting as it does at the nexus of many of the world’s key growth markets, the Middle East is a significant area of opportunity for our global emerging markets investment banking proposition. In Shehzad we have secured someone with the right experience and depth of relationships to lead our efforts to success in the region.”
Shehzad Farid Anwar said: “I’m glad to be joining Religare at such an opportune moment in the evolution of global markets. Increasingly investors in the Middle East are seeking a specialist partner to identify and provide access to the most dynamic emerging markets opportunities. RCML’s ability to combine world-class origination with global execution is a compelling offer for my clients.”
As part of an ambitious strategy to replicate its client-driven relationship banking model across the world’s high-potential markets, RCML recently announced its entry into South Africa through the acquisition of the UK operations of Barnard Jacobs Mellet. It has also signaled its intention to acquire, subject to regulatory approvals, Central Joint Enterprises (trading as Aviate Global (Asia)), the Hong Kong-based ideas-led research platform. In September, Religare also acquired a 50% stake in leading Sri Lankan Stock broking firm Bartleet Mallory Stock Brokers.