Rothschild plans to hire 7 bankers in India before year-end for expansion

The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession

Rothschild & Co. is planning to add seven bankers in India before the end of this year as the firm looks to expand its footprint in Asia’s third-largest economy.

The firm, which currently has 18 staff in the country, is looking to hire from analyst to vice president levels across sectors such as health care and technology, according to Aalok Shah, managing director for India.

“We are advisers to Indian companies seeking global investors or buyers for their businesses and also to global investors who are keen to invest in India,” Shah said in an interview in Mumbai. Rothschild’s business