HDFC Bank has made senior level appointments in its investment banking division. Ajay Gupta, Akshay Dixit and Abhishek Sharma have been hired to lead the infrastructure finance, financial services and healthcare and pharmaceutical verticals, respectively. The infusion of senior talent is aimed at further developing the investment banking operations at HDFC Bank by adding strategic depth across these key business verticals, said the bank.

A mechanical engineer from IIT Roorkee and an M. Tech from IIT Delhi, Gupta, who has been roped in from GE Capital, will be the head of its infrastructure finance division. A former civil servant, his prior work experience includes a stint in the corporate and investment banking division at Wachovia Bank, where he set up its infrastructure finance business in India. He also has an MBA in finance and strategy from Vanderbilt University, US.

Dixit, a Chartered Accountant, comes on board as head, financial services in the corporate finance vertical of the investment banking division. He has previously spent seven years at MAPE Advisory Group, where he headed the financial services, M&A and private equity funding advisory practice.

An MBA degree from IIM-Indore, Sharma comes in as head of life sciences. Prior to this, Sharma, who holds an MBBS degree, has also worked with MAPE Advisory Group, where he completed several multi-million dollar M&A and private equity deals in the healthcare sector.

Rakesh Singh, head, Investment Banking at HDFC Bank said, “As we continue to strategically develop our capabilities and add depth to our team, the extensive relationships and industry knowledge which the three bring will enhance our ability to offer the best to our customers across sectors.”

(Edited by Prem Udayabhanu)

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