Religare Capital Markets has poached Nalin Nayyar from Citi to head investment banking for India, a move that marks the latest in a string of hires for Religare and a series of departures for Citi.
Religare Capital Markets is the investment banking and institutional securities arm of the Religare group -- a financial services group promoted by the Ranbaxy founders, Malvinder and Shivinder Singh.
Nayyar brings to Religare 19 years of investment banking experience across the US, London and Asia. In his most recent job as a managing director at Citi in Mumbai, he was responsible for coverage of key relationships in the industrials sector, including metals and mining and capital goods. Nayyar joined Citi from Lehman Brothers.
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