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Japanese investment banking major Daiwa Capital Markets has appointed Sriram Iyer from Antique Stock Broking as its executive director and the head of sales trading in India. Iyer will be reporting to John Mar, the regional head of sales trading based in Hong Kong.

The appointment comes after Daiwa roped in Alok Vajpeyi, former MD and vice-chairman of Dawnay Day AV (which was acquired by New Silk Route and renamed Destimoney), as the MD and CEO of Daiwa Securities India last month.

With 16 years of experience in the industry, Iyer will be leading sales trading and dealing of equities to institutional investors. His broader role will be to strengthen the team through his wide network of relationships and increase the market share for Daiwa in India, according to a company statement.

Before his stint at Antique Stock Broking, Iyer had worked with Kotak Securities for nearly a decade and headed sales trading and dealing there. He had also worked with companies like UBS Securities and SG Securities Asia.

Hiroaki Kato, president of Daiwa Capital Markets India, has said that Sriram Iyer’s appointment will add value to the Daiwa India franchise. “Sriram’s proven track record and extensive relationships will expand Daiwa’s reach to both domestic and FII clients across different geographies,” he added.

Daiwa Capital Markets is the wholly owned investment banking arm of Daiwa Securities Group, one of the largest brokerage and banking groups in Japan.

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