Japanese investment bank Nomura has announced the appointment of a new Head for its Indian business along with a senior management promotion.
Prabhat Awasthi, who is currently Head of Equities, India is based in Mumbai and will be responsible for running Nomura’s India franchise spanning fixed income, equities and investment banking, Nomura said in a press release.
Awasthi has nearly decades of experience in the Indian equity markets, and assumed his current role at Nomura in 2011. He joined Nomura in October 2008 as Head of Equity Research, India, from Lehman Brothers, where he held the same position.
Scaling Up Indian Business
Prior to that, he was a founding member of the Brics Securities business acquired by Lehman Brothers in 2007, and had stints at JP Morgan, Morgan Stanley and Crisil where he began his career in 1994.
Vikas Sharma, who is the current Head of Nomura's India unit, has been elevated to Head of Asia ex-Japan also from April 1. In the new role Awasthi will report to Sharma. «I am confident he will drive this young franchise to greater success as we embark on a journey to scale up our businesses in the country,» he said.
