Espirito Santo makes India investment banking foray

Espirito Santo Securities India, a part of the Espírito Santo Investment Bank (ESIB), has forayed into the investment banking space and has appointed George Mathew as head of investment banking in the country.

Based in Mumbai, Mathew would report to Nick Paulson-Ellis, CEO, India. His role would include building the team and growing the institution’s presence in the investment banking space, said the company.

Paulson- Ellis, CEO – India, Espirito Santo said, “We see an opportunity to help Indian corporates in cross border M&A into our emerging markets such as Brazil and Africa, as well as helping raise growth capital in both domestic and international markets. This appointment highlights our commitment to growing our presence in India while leveraging our global reach.”

Espirito Santo Securities India (ESS) is a joint venture between Espirito Santo Investment Bank and the Burman Family, the majority shareholders of Dabur.

Gaurav Burman, Partner, Burman Family Holdings said, “In a short span of time, Espirito Santo Securities India have anchored themselves as one of the leading securities houses in India and have built a research product that is respected, and regularly quoted’’.

Mathew said Espirito Santo has built a strong franchise in India, with a well-regarded institutional equities business, and differentiated research coverage.

Mathew brings to the firm extensive experience in investment banking and corporate finance, as well in building a business. Prior to this appointment, he was senior vice president & head of corporate coverage in the i-banking division of Edelweiss, responsible for client coverage and origination across products including fund raising and mergers and acquisitions.

Mathew, who has been with Edelweiss since 2000, started his career as a credit rating analyst at CRISIL and has also served as a consultant to banks in their internal credit processes and risk management systems.

Mathew holds a post-graduate diploma in management from the Indian Institute of Management (IIM), Kolkata

The Burman family also has well diversified investments spread across the financial services sector, including holdings in a life insurance joint venture with U.K.'s Aviva, a stake in Universal Sompo General Insurance, a stake in DMI finance a leading Non-Banking Finance Company, and an India-focused private equity venture with investment outlay of over $200 million.

The family over the years has also made investments in Centurion Bank, Punjab Tractors Ltd. Lord Krishna Bank and Joyco Ltd.

(Edited by Prem Udayabhanu)

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