Japanese financial services major Nomura Holdings has elevated its India mergers & acquisitions head Nikhil Nath to lead the business across Asia, excluding Japan and Australia. Nath will be moving to Hong Kong from Mumbai, according to this Wall Street Journal article, quoting a statement from Nomura.
Nomura has worked on GTL Infrastructure’s $1.8-billion acquisition of the telecom tower business of Aircel and the merger of tower business of Quippo and Tata Teleservices. It has also advised on deals like Apollo Tyres’ buy of Netherlands-based Vredestein Banden B.V.
Nath headed the M&A pratice for Lehman Brothers in India until it was acquired by Nomura in 2008 during the sub-prime crisis. He worked with the M&A team of Lehman at various locations like New York and Tokyo. Nath has a Bachelor’s degree in commerce from the University of Virginia and an MBA from the Darden Business School at the University of Virginia.
Nath will join other Indians who have assumed senior positions at Nomura. Former Lehman India head Tarun Jotwani was appointed Head of Global Fixed Income, after which he became CEO of Europe the Middle East and Africa (EMEA) operations. Jesse Bhattal, former Asia CEO of Lehman, was made the president and COO of wholesale division, which combines its investment banking and trading businesses.