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Credit Suisse has hired Pankaj Kalra from DSP Merrill Lynch as managing director in its India investment banking team. This appointment follows hire of three persons in the investment banking division last month.

Kalra would cover large clients in energy, industrial and telecoms sectors where there was increasing M&A and capital raising activity, according to this report. Kalra was heading the general industries investment banking group at DSP Merrill Lynch since 2006.

Last month Credit Suisse poached three investment bankers from its rival banks. It hired Sughosh Moharikar and Samita Shah as managing directors of investment banking from Kotak Mahindra and Lehman brothers. It also hired Ashim Ahuja as a director in the same department from Deutsche Bank. 

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