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Nomura has appointed Nitin Jain from ICICI as co-head of fixed income department. It has also hired Nipun Goel from Merrill Lynch India to head investment banking. Jain will co-head fixed income department along with Neeraj Gambhir, who joined Nomura in Oct’08 from Lehman Brothers. Jain has worked for 14 years with various ICICI entities. When he resigned in 2008, he was the MD and CEO of ICICI Securities Primary Dealership. Nipun Goel was with Merill Lynch India for 14 years. When he retired, he was the MD of the investment banking division. His experience spans equity and debt capital markets, corporate finance, client coverage and origination across sectors. Nomura India received a merchant banking licence in December 2008. In February 2009 it announced it was launching sales and trading and investment banking operations in the country. However, in a downsizing in April that same year, which took place across Asia but hit India hard, Nomura let go of nine people in its then 26-strong India investment banking team, including some of its most senior staff.
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