Religare Hichens Harrison Plc (RHH), the investment banking arm of financial services group Religare Enterprises Ltd (REL), has appointed Nikhil Bahel as managing director to head the firm’s telecom, media and technology (TMT) offerings besides helping companies in cross-border M&A activities.
RHH is the investment banking subsidiary of Religare in London. Religare bought Hichens, Harrison & Co, one of the oldest broking firms of London in 2008 and renamed it as Religare Hichens Harrison Plc.
Martin Newson, CEO of Global Investment Banking at Religare said, “Nikhil Bahel will help establish a leading emerging market investment banking platform and bring important sector, product and geographical expertise that will serve our client base well.”
Bahel was most recently with Goldman Sachs, where he co-created the bank’s Indian operations and managed the TMT franchise. He supported the operational and diversification strategies of India’s TMT players and led deal teams advising Vodafone on the $26.5 billion infrastructure joint venture Indus Towers. He also advised Telenor on acquiring its $1.1 billion controlling stake in Unitech Wireless and Infosys Technologies Ltd on its $1.6 billion ADR offering, the statement added.
Prior to joining Goldman Sachs in India, he spent two years working in the the company’s New York office. He alsop spent six years at Citigroup, where he developed his expertise in capital raising and M&A. He was also co-chairman of the Venture Capitalist Association of India.
Religare has made some significant appointments recently across its arms. In the first week of December, REL appointed G N Nagaraj as the director and chief technology officer of the company. Earlier in November, Religare has appointed Anuj Gulati as CEO for its health insurance venture Religare Health Insurance Co Ltd.