Indian investment bank Avendus Capital is ramping up its European operations with new hires in the continent. The Mumbai-headquartered firm has now hired Roger Yeoman as its Head of Institutional Equities for Europe. In this role, Roger will support Avendus UK in expanding distribution for the broking and capital markets business of Avendus Capital Pvt. Ltd.
Yeoman, who will be based in London, has over three decades of experience in global equities. He has spent most of his professional life at Morgan Stanley, where he last served as the co-head of its relationship management initiative for the combined fixed income and equities sales and trading business for UK and Europe.
Commenting on the new appointment, Kaushal Aggarwal, Managing Director, Avendus Capital said, “Europe is a strategic geography for Avendus as a firm, and especially relevant for our Institutional Equities and Capital Markets business in India. Europe has marquee investors that can invest long term capital into India. Roger’s experience and network in global markets will help us catalyze that investment pool.”
The investment bank seems to slowly building a global franchise with India as headquarters. This comes soon after Avendus Capital (UK) Pvt. Ltd. recently appointed Robert Davis as its Head of Europe for the investment banking business and Dr.Hanif Lalani as a Senior Advisor.
Davis, who was heading European M&A at Nomura, has over 20 years ofadvisory experience across deal types, sectors & geographies. He has previously worked for JP Morgan and Robert/Jardine Fleming. Davis qualified as a Chartered Accountant with PricewaterhouseCoopers. Lalani, who has held senior positions at BT plc including a board member as Group Finance Director, last served as Chief Executive of BT Global Services.
Last year, Avendus helped buy and sell six companies in Europe in both inbound and outbound deals, including the sale of payment processing company Venture Infotek to French-headquartered Atos Origin SA.These developments come in the wake of an increased activity in the cross-border deals. M&A deals including both inbound and outbound have increased from $22.72 billion in 2006 to $44.77 billion in 2010 according to data from VCCedge, the financial research platform of VCCircle.