Jitesh Gadhia, Managing Director and Head of Advisory at Barclays Capital, has joined Blackstone Group as a Senior Managing Director in its Corporate Advisory Group. Gadhia will be based in Blackstone’s London office.
Jitesh Gadhia has 20 years investment banking experience, having held senior positions at Barclays Capital, ABN AMRO and Baring Brothers. He graduated from Cambridge University with a degree in Economics and attended the London Business School as a Sloan Fellow. Mr Gadhia also serves as a Trustee of UK’s National Endowment for Science, Technology and the Arts and, in 2008, was selected as a Young Global Leader by the World Economic Forum.
John Studzinski, Global Head of Blackstone Advisory Partners, said in a statement: “We are delighted that someone of Jitesh’s experience and reputation is joining us. Not only does Jitesh bring an extensive track record in UK and Europe, across multiple industry sectors, but he has also been at the forefront of developing cross border activity with emerging markets such as India, which are increasingly important for Blackstone. Jitesh will add to the strength of our existing platform and have the opportunity to develop our advisory presence in new markets”.
Jitesh Gadhia added: “I am excited to be joining Blackstone’s successful and growing advisory franchise. Blackstone’s powerful network of relationships, access to capital and expanding geographic reach, across developed and emerging markets, offers a unique proposition for clients.”
There have been a number of top-level movements in leading financial institutions in recent months. Two days back, Religare Capital Markets Ltd announced the appointment of Citigroup honcho Nalin Nayyar as head of India investment banking. Similarly, private equity major KKR hired former Goldman Sachs MD Heramb Hajarnavis to its India team. Hajarnavis, who was an MD at the Goldman’s principal investment unit based out of Mumbai, will join KKR India Advisors Pvt Ltd as a Director. Recently, Japanese financial services major Nomura appointed former Kotak Mahindra Capital banker Indraneil Borkakoty as Head of Equity Capital Markets (ECM), India.