Macquarie Securities has appointed ex MD of Morgan Stanley as the MD and head of Macquarie Securities India.
Bharat gets with him more than 12 years of experience from Morgan Stanley where he had worked in both London and Mumbai, leading teams and building businesses within the equity and fixed income divisions.
Prior to this, Bharat held positions within the research and sales teams of Lehman Brothers in London and New York.
Having a bachelor’s degree from Illinois Wesleyan University, he also holds MBA from UNC Kenan-Flagler Business School.
Macquarie Securities is a part of the Macquarie Securities Group (MSG) which is a global institutional securities house with strong Asia-Pacific foundations covering sales, research, ECM, execution and derivatives activities. It is a full-service institutional cash equities broker in Australia, Asia, South Africa and Canada with offerings in the US and Europe, and retail derivatives in key locations globally.
In India Macquarie started operations in 2005 and provides specialist investment, advisory and financial services.
In July 2004, Macquarie acquired ING’s Asian equity businesses involving sales trading execution, research and facilitation trading. The restructured businesses operates as Macquarie Securities in 11 locations within Asia.
Earlier this year, IDFC had appointed Sandeep Gupta as MD of Corporate Finance Division of IDFC Capital. Also, KPMG has appointed Utkarsh Palnitkar as Partner and National Head of Transactions and Restructuring Practice in India
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After five months of negotiations and competitive bidding, the global PE funds Warburg Pincus and General Atlantic, emerge as the frontrunner to buy a majority stake in brokerage and financial services firm, Sharekhan at a deal valued between R2,000- 2,400 Cr.