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Swiss-headquartered global financial services company UBS has appointed Gaurav Mehta as its head of Indian investment banking (Corporate Client Services) operations. Gaurav will report to David Chin and Matthew Hanning, Co-Heads of CCS Asia and Aashish Kamat, CEO India.
Gaurav joined UBS in October 2010 from Morgan Stanley where he had coverage responsibility for real estate, telecom, financial sponsor clients and worked on fundraisings including Jaypee Infratech's $510-mn IPO, Oberoi Realty's $230-million IPO, QIPs for Unitech ($900m), Indiabulls ($550m), and Sobha ($110m) and Bharti Airtel's $10.7-billion acquisition of Zain Africa. Gaurav started his career with HSBC in London after receiving a Masters degree from the London School of Economics in 2001.
As reported by Business Standard first, Ravi Shankar, managing director and head of investment banking in India for UBS AG, had resigned in September. He had joined UBS in October 2004.
In equity capital markets, UBS has done deals recently such as the $762-mn IPO from Bharti Infratel, $1.3-bn QIP for State Bank of India, $1.1-bn follow-on offering for Power Grid Corporation, the $341-mn Institutional Placement Program for DLF, TPG's $305m sale of its stake in Shriram Transport Finance, and the $55-mn IPO from Eros International.
