| Log in

Daiwa Names Nomura’s Ajay Marwaha As India Fixed Income Head

23 July, 2010

Daiwa Capital Markets has appointed former Nomura executive director Ajay Marwaha as head of fixed income in India, effective June 14. Marwaha, was responsible for FICC product trading at Nomura,  and was involved in the launch of primary dealer business lines at Lehman Brothers and Citi Group.

Daiwa has also appointed Jung Insuk as head of fixed income in Korea. These appointments are made with the aim of expanding the fixed income business in Korea and India respectively, said the Japanese financial services major.

The Korean and Indian fixed income markets are the second and third largest markets in Asia (excluding Japan), trailing only China. As part of the firm’s business expansion strategy, Daiwa expects to acquire primary dealership and derivative licenses in both markets.

Daiwa had also recently acquired the entire stake of Japan’s Shinsei Bank in Shinsei Asset Management Company (India), that manages Shinsei Mutual Fund (MF).


Leave Your Comment
Ajay Marwaha Joins HDFC Bank As Head Of Trading, Treasury Department

Ajay Marwaha Joins HDFC Bank As Head Of Trading, Treasury Department

Bhawna Gupta 6 years ago
India’s second largest private lender HDFC Bank has appointed Ajay Marwaha as...
Tarun Jotwani Appointed Head Of Fixed Income At Nomura Securities

Tarun Jotwani Appointed Head Of Fixed Income At Nomura Securities

Madhav A Chanchani 9 years ago
Lehman Brothers’ former India chief Tarun Jotwani has been appointed the...
Nomura Launches Investment Banking & Equity Trading Ops In India

Nomura Launches Investment Banking & Equity Trading Ops In India

TEAM VCC 9 years ago
Nomura Financial Advisory and Securities (India) Private Limited (‘Nomura...
No Comments

Daiwa Names Nomura’s Ajay Marwaha As India Fixed Income Head

Powered by WordPress.com VIP