The stars of India’s financial markets
UNTIL RECENTLY, INDIA occupied a hazy part of the average global investment banking CEO’s brain marked "untapped potential". That fuzziness has been wiped clean this year. Investment banks are piling into India, snapping up experienced local and expatriate talent, completing multi-billion dollar cross-border mergers, and establishing cost-efficient data centres employing thousands of skilled engineers.
L Brooks Entwistle
Managing director and CEO, Goldman Sachs India
Chair and managing director India, UBS
Head of global markets, Deutsche Bank
Founder, Rare Enterprises
Managing director and CEO, ICICI Bank
India country head, Warburg Pincus
Vice-chairman and managing director, Kotak Mahindra Bank
India’s Mr finance
Uday Kotak: a visionary leader
Chairman, DSP Merrill Lynch
Global bank CEOs, looking at India afresh, see a broad, deep equity market largely accessible to foreign institutional investors (FIIs). Global investors are rushing in. The market capitalization of Mumbai’s booming Sensex bourse, which has risen by nearly 500% over the past five years, passed the $1 trillion mark on May 28. Total FII inflow in June alone was $5.85 billion, according to the Securities and Exchange Board of India – a national record.
Deals are also being struck that make India’s vibrant markets the centre of world attention.