India: the new jewel in the investment banking crown?
As global investment banks ramp up their businesses in India, one big challenge lies in finding the right people. It’s one thing talking about derivatives, structured finance or private equity, it’s another actually delivering these products if the talent is not there.
“What’s needed is quality bankers,” says Hemendra Kothari, chairman of DSP Merrill Lynch. By and large the bank likes to create expertise from within, but in areas where the Indian operation is lacking, such as structured finance, it can call on its bigger partner.
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