Religare
Capital Markets Limited adds more muscle to its research team
Appoints
four senior people to further solidify team strength
New
Delhi, 21 June, 2010: Religare
Capital Markets Limited (RCML), the Investment Banking and Institutional
Securities arm of global financial services group, Religare Enterprises
Limited, announced the addition of four new senior members to its existing team
today.
RCML’s strong research team will be now joined by Mr. Misal Singh, Mr.
Ballabh Modani, Mr. Varun Lochab and Mr. Siddharth Teli. This move will bring
the total team strength to a total of 25-personnel strong wing. All four
analysts bring with them a vast understanding and experience on various sectors
which will help the company strengthen its sectoral capability.
To consolidate its leading position in the investment banking and
institutional securities business and to take it to the next level, the company
has been hiring talent very aggressively in the recent times. It began late
last year with the joining of Mr. Martin Newson as Global CEO, RCML and in
April this year, Mr. Manoj Singla and Mr. Suhas Harinarayanan came on board as Managing
Directors & Co-Heads of Research. More recently RCML also announced joining
on some power packed names in its team that includes Mr. Tarun Kataria from
HSBC will also join as CEO, India business and Mr. Sutha Kandiah will join as
head of global equity capital markets.
Speaking on the new appointments Mr. Manoj Singla, MD and Co-Head
Research, Religare Capital Markets Ltd. said, “We have an ambitious growth
strategy to build a fully-functional, equity-focused global broking division
that brings in value for investors across the board. We are very confident that with the changes
that we have brought in along with the appointment of these gentlemen will lead
RCML towards a fast-paced, steady growth.”
Mr. Suhas Harinarayanan, MD and Co-Head Research, Religare Capital
Markets Ltd. also commented on the appointments saying, “We are extremely
pleased to hire these gentlemen that have taken our institutional research team to a strength
of 25 plus people. We believe we are now in a further improved positioned to be
a top tier research house in the country. With their respective skill sets, they will surely drive us to the
top position and we wish them all the best in this endeavour.”
Following are the bios of the new team:
Mr. Misal Singh joins RCML from Edelweiss, where he was the lead
analyst for the capital goods sector. In the last five years he has covered a
diverse set of companies in the capital goods sector. Prior to joining
Edelweiss, he was associated with J P Morgan. He completed bachelors in
engineering from National Institute of Technology, Nagpur and post graduate
diploma in management (PGDM) from Indian Institute of Management, Ahmedabad.
Mr. Ballabh Modani joins RCML from Enam Securities, where he was
Executive Director - Energy Sector and was lead analyst for Indian Oil &
Gas and Fertilizers sectors. Ballabh also has pre-research Oil and Gas Industry
experience of 4 years at HPCL. He is a Chartered Accountant with Masters in
Economics who has been ranked in Asia Money Polls.
Mr. Varun Lochab
joins RCML from Franklin Templeton where he covered metals for over a year. Prior
to this he was head of research for Edelweiss Mutual funds. He has also worked
with Fidelity Investments for 4 and half yrs and ICICI for over a year and a
half. He is a graduate from IIM Kolkata.
Mr. Siddharth Teli joins RCML from ICICI Securities, where he was
Vice President – tracking Banking and Financials’ Sector for the last three
years. Prior to ICICI Securities, has worked with Organisations like Enam
Securities and Reliance Mutual Fund tracking the Financials Sector and has an
overall experience of 8 years in research. He was rated amongst the Top Analysts
in Asia Money Polls 2008. He has completed Masters of Management Studies (MMS)
from Mumbai University with specialisation in Finance.
About Religare Capital
Markets
Religare Capital Markets (RCML) is part of Religare Enterprises Limited (REL) – a global financial services group. REL is committed to create in RCML a global emerging markets focused Investment banking and Institutional Securities business. RCML is continually adding to its suite of products and strengthening its team. RCML comprises Religare Capital Markets plc (which is authorized and regulated by the Financial Service Authority and is a Member of the London Stock Exchange and the NASDAQ Dubai and acts as an broker for companies traded on the main and AIM UK Markets, and is a PLUS Markets Corporate Adviser) and RCML (UK) Limited which authorized and regulated by the Financial Services Authority and is able to act as Sponsor to companies on the Official List of the UK Listing Authority and as Nominated Adviser to AIM Companies. Currently, the principal areas of activity for RCML globally are Institutional broking and research, Equity Capital Market and M&A. In UK, the firm also offers broking services to UK Mid caps, contracts for difference and operates a London listings and broking business.
About Religare Enterprises Limited
(Religare) – www.religare.in <http://www.religare.in>
Religare is a global financial services group with a presence across
Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s
largest market, the group offers a wide array of products and services ranging
from insurance, asset management, broking and lending solutions to investment
banking and wealth management. The group has also pioneered the concept of
investments in alternative asset classes such as arts and films. With over
10,000 employees across multiple geographies, Religare serves over a million
clients, including corporates and institutions, high net worth families and
individuals, and retail investors.
For more details please visit www.religare.in
For Further Information, Please Contact:
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Samir Kapur Religare Enterprises Limited Contact number: T:
+91 11 39126174 M: +91 95828005150 |
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Ryan Alan Marshall Senior Manager - Corporate
Communications Religare Enterprises Limited Contact number: T:
+91 11 39126160 M: +91 9560392631 |
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