Ashok Mittal skips HSBC India for Lehman

Mittal to become a managing director at Lehman Brothers in India soon after the bank inks a deal to buy the institutional equity group of Brics Securities.

FinanceAsia has learned that the well-regarded Ashok Mittal had decided to quit HSBC in India for the local operations of Lehman Brothers. The Wall Street firm is expanding aggressively on the sub-continent and recently announced plans to buy the institutional equity group of Brics Securities, a leading brokerage firm in India.

Mittal had the title of co-head of investment banking at HSBC Securities and Capital Markets India prior to the move, with the rank of director. However, when MittalÆs...

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