Merrill Lynch India loses IB head

Amit Chandra, head of global markets and investment banking at Merrill Lynch in India, joins the trend of moving to private equity.

In a move seen as a significant loss for DSP Merrill Lynch India, Amit Chandra, managing director and head of global markets and investment banking has announced his resignation. Chandra is leaving to found a private equity fund with Rajat Gupta. Gupta was formerly managing partner at McKinsey Company the first Indian to hold this position.

Chandra will continue with the firm until the end of 2006 to ensure a smooth transition. Hemendra Kothari, chairman of DSP Merrill...

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