There has been a regular turnover of leaders at UBS' Indian investment banking unit, the Swiss bank is now set to name another new chief executive.
Since the influential Indian banker Manisha Girotra left UBS as head of the investment bank in India at the end of 2011, three changes of leadership have taken place, the Indian daily newspaper «The Times of India» reports.
Former U.K. bank Barclays managing director and head of structured finance in India, Anuj Kapoor is now set to join UBS as the head of its investment banking division.
Kapoor will join UBS following 11 years at Barclays, prior to that he was with GE Capital and EY.
Focus on India
Kapoor will be in charge of the India region for UBS which, according to Dealogic, didn't make it to the top 10 dealmakers by fees earned during the last calendar year.
That should change now. Recently, Sam Kendall, head of corporate client solutions Asia Pacific region, said that UBS is committed to strengthen the business across Asia, especially in Southeast Asia, South Korea and India.
