Citi's Nalin Nayyar Joins Religare Capital As Head Of I-Bank, India

Religare Capital Markets Limited (RCML) has appointed Citi's Nalin Nayyar as Head of India Investment Banking.

He will report to Tarun Kataria, CEO RCML India and to Sutha Kandiah, Global Head of Investment Banking based in Singapore.

Nayyar who has 19 years of work experience, joins Religare from Citigroup, where he was a managing director in the investment bank, responsible for coverage of key relationships in the industrials sector, including mining and metals and capital goods.

He joined Citigroup’s investment banking team in Mumbai in April 2008 from Lehman Brothers Holdings Inc., where he had worked since 2000.

Prior to joining Lehman Brothers, Nalin worked at Citi from 1992-2000, after graduating with a BA Economics from Middlebury College Vermont. He also holds a MBA in Finance from UCLA (University of California, Los Angeles).

Prior to Nalin's appointment, Religare Capital had hired Rob Munro as Global COO, Nick Holtby as Global Head of Equities, Rob Flynn as CEO of the Asia Region, Sutha Kandia as Global Head of Investment Banking and Tarun Kataria as CEO of RCML India as part of an effort to build a global investment bank with a focus on the emerging markets.

Earlier this year, RCML appointed Manoj Singla and Suhas R Harinarayanan from JP Morgan and UBS Securities, respectively, as co-heads of the research team.

Religare Capital Markets Ltd (RCML) is the investment banking and institutional securities arm of global financial services group, Religare Enterprises Ltd.

Reference: ET

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