India: the new jewel in the investment banking crown?

The prospect of greater M&A and capital markets activity by Indian companies means that no bank can afford to ignore the sub-continent. Some are attacking the market through joint ventures and alliances with locals; others are going it alone. But which ones will succeed, and how will independent local players stand up to the competition? Sudip Roy reports from Mumbai.

India: A shortage of talent

WHEN HE STARES out of his office window in Mumbai, Brooks Entwistle has a superb panoramic view of the Arabian Sea. The weather is inclement, with India’s monsoon season in full swing, but the peninsula is still a breathtaking sight. The CEO of Goldman Sachs’s India business is a lucky man. He had better not get too attached to the view, though, as he won’t have it for much longer.

Entwistle’s office is a suite on the 10th floor of a five-star hotel in Nariman Point in Mumbai’s financial district.

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