Rothschild is reportedly expanding its investment banking business in India with the addition of more than half a dozen staff as the country continues to outshine other capital markets.
Rothschild is planning to add seven staff in India, according to a «Bloomberg» report citing the country’s managing director Aalok Shah. This will include hiring for analysts to vice president levels across the healthcare and technology sectors.
Currently, Rothschild has a total of 18 staff in India where its revenue doubled in the last five years to become the largest contributor in its Asia business.
Market Outlook
The expansion coincides with growing Indian deal activity – a stark contrast with the gloomier global markets – and Rothschild expects momentum to continue. It estimates that another $5 billion of deals will come from the nation’s renewable energy sector alone in the next 12 months.
«It will be more of a domestic consolidation play with several global funds seeking to buy large renewables platform assets,» Shah said. «Among renewables companies, we will also see consolidation in companies that are supplying power to central offtakers. We will see a lot of fundraising as well as strategic interest in these companies.»
