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Credit Suisse Ropes In JP Morgan Honcho As India I-Banking Head

16 April, 2010

Leading financial services provider Credit Suisse has appointed Vedika Bhandarkar as vice chairman for India and head of its investment banking and global markets solutions group in India.

Bhandarkar was very recently with JP Morgan India as head of its investment banking business.She had been with JP Morgan India since 1998. Credit Suisse has also roped in Sandeep Pangal, who was managing director for investment banking at JP Morgan, as managing director.

Bhandarkar has over 16 years of experience in the financial services space. She has to her credit the execution and closing of some significant deals such as Tata Consultancy Services’ $1.1-billion public offering and ONGC’s acquisition of MRPL from the AV Birla group. Bhandarkar was previously with ICICI as vice president.

“Vedika and Sandeep have a very strong track record in the country and we look forward to them joining us. India is central to our strategy and we are confident that Vedika and Sandeep can build on our momentum to take the business to the next level,” Mihir Doshi, chief executive officer for India, Credit Suisse, said in an email response. 

Credit Suisse is a Swiss firm engaged in private banking, investment banking and asset management services. It provides advisory and several other product related services to companies, institutional clients and high-net-worth individuals globally. It currently operates in over 50 countries worldwide.

Last month, the company received an in-principle approval to open a bank branch in Mumbai that strengthens its operations in India. It earlier acquired a non-bank financial company (NBFC) in 2008. 


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Credit Suisse Ropes In JP Morgan Honcho As India I-Banking Head

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