Australia's Macquarie Sec boosts team in India

Wed Aug 13, 2008 3:43am EDT
 
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MUMBAI, Aug 13 (Reuters) - Australia's Macquarie Securities Group has made six new appointments for its India business, it said in a statement on Wednesday, highlighting its growth plans in one of the world's fastest growing markets.

Macquarie Securities is the institutional securities business of Macquarie Group (MQG.AX).

The new hires include Irfan Khan, to head structured product sales in India. Khan was earlier with Citigroup Global Markets in Australia.

Former JP Morgan (JPM.N) executive Anand Krishna becomes Macquarie chief financial officer for India, the statement said.

Loretta Joseph joins as vice president in derivative sales from Deutsche Bank (DBKGn.DE).

The six also included Rajeev Malik, hired as Southeast Asia and India economist from JP Morgan. Reuters reported Malik's hiring in June.

International firms such as Goldman Sachs (GS.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) are on a hiring spree to bolster their presence in the Indian market. (Reporting by Narayanan Somasundaram; Editing by Charlotte Cooper) ((narayanan.somasundaram@thomsonreuters.com; 91 22 6636 9068; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net))

 

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