IDFC ropes in Rajesh Jain from KPMG as investment banking head

IDFC Capital Ltd, the investment banking arm of infrastructure finance company IDFC Ltd, has appointed KPMG's Rajesh Jain as the head of investment banking. Jain, who has around 27 years of experience, will report to Vikram Limaye, managing director and chief executive of IDFC.

He joins IDFC from consulting firm KPMG India where he spent the last 11 years. Jain was the head of markets at KPMG and is credited with a slew of both large and mid-market deals besides large and complex merger valuations. He has also done one of the top 10 deals in KMPG Global Network during his tenure, as per a press statement.

Prior to KPMG, Jain also worked with Zee group as president - corporate finance and strategy for three years, RPG Enterprise Ltd as general manager for 11 years and AF Ferguson & Co as a consultant for three years.

He is a commerce graduate from Mumbai University and is a chartered accountant.

In May this year, IDFC went through a top level management rejig which saw Deepak Parekh, founding chairman of the financial services firm, stepping down from his post though he remains in an advisory role. Rajiv B Lall, the managing director and chief executive of IDFC took over the reins from Parekh as the executive chairman.

IDFC had also appointed Limaye, the deputy managing director, as the managing director and CEO.

Starting as an infrastructure finance company, IDFC has diversified over the years and has presence across various financial services segments, including mutual fund, private equity advisory and broking.

(Edited by Joby Puthuparampil Johnson)

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