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Nomura’s India head of investment banking steps down -sources
Global Banking & Finance Review®
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NEW DELHI/HONG KONG (Reuters) -Nomura Holdings’ India Head of
NEW DELHI/HONG KONG (Reuters) -Nomura Holdings’ India Head of Investment Banking Utpal Oza has stepped down from the firm, sources with direct knowledge of the matter told Reuters.
Oza has left for career retirement, said one of the sources.
Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the sources said.
The company declined to comment on Friday, and Oza did not immediately respond to a request for comment.
In the last few years, Oza has, among other deals, helped Nomura sell ASK Group to Blackstone and diagnostics firm Thyrocare to healthcare firm PharmEasy.
Oza does not plan to join a rival firm and will oversee the transition at Nomura over the next few months, the sources said.
This is the second top level rejig at Nomura India this year, after it hired a new head of Equity Capital Markets in January.
(Reporting by M. Sriram in New Delhi and Selena Li in Hong Kong; Writing by Sakshi Dayal; Editing by David Evans and Tom Hogue)
Investment banking is a financial service that helps companies raise capital by underwriting and issuing securities, providing advisory services for mergers and acquisitions, and facilitating the sale of securities.
A managing director is a senior executive responsible for the overall management and operations of a company or a specific division, making strategic decisions and ensuring the company's goals are met.
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, focusing on the relationships among stakeholders and the management of the company.
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