Macquarie announces 3 sales, research hires

With a view to boost its local footprint, Macquarie Securities Group (MSG), today announced three senior equity sales and research appointments in Mumbai.

MSG is the equities broking arm of the Macquarie Group. The three appointments are Sudhanshu Bhuwalka, Neil Nathwani and Suresh Ganapathy, a press release issued here stated.

Bhuwalka joins as an Associate Director in equity sales from Reliance Equities where he was co-head of equity sales. Before that, he was at Deutsche Equities in Mumbai for four-years, the release said.

Neil Nathwani joins in equity sales from Daiwa in London where he was the India specialist for Europe. He has 14-years of financial markets experience and will relocate to Mumbai in mid-January, the release said.

 

Prior to Daiwa, Nathwani spent three years at BDT Invest LLP, London, as one of three named fund mangers. He also spent four-years from 2002 at Old Mutual (Asset Management) Limited, London, covering India in his regional portfolios.

The third appointee, Ganapathy, will head MSG's financials research team for India and joins from Deutsche Bank's cash equities business in India, where he was part of its ranked team covering Indian financial institutions.

"We are very positive on the outlook for the Indian economy and these appointments ensure we are able to continue to provide the same high-levels of service that Macquarie Securities is rated for across the Asian platform," MSG's Head, cash equities business in India, Andrew Mouat, said.

Three associates have also been hired, allowing three existing associates to be promoted. MSG has 54 staff in Mumbai, a part of a global team that numbers more than 1,770 people, the release said.