Nomura Holdings said on Wednesday it has appointed Prabhat Awasthi, who has been working with the Japanese bank for nearly three years, as head of its India equities business.

Awasthi, who was heading equity research at Nomura in India since October 2008, will report to John Adair and Paul Dolan, joint heads of Asia Pacific equities at Nomura, the bank said in a statement.

In his new role, Awasthi, who joined Nomura from Lehman Brothers, will replace Pankaj Vaish who quit the Japanese bank in July last year to join Citigroup as the U.S. bank's South Asia markets head.

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