Awasthi to head India equities for Nomura

Nomura has promoted Prabhat Awasthi to head of equities for India, from his current position of head of equity research. He will be responsible for delivering Nomura's strategy for equities in India and strengthening the firm's local presence. He will report to John Adair and Paul Dolan, who jointly head Asia-Pacific equities for Nomura.

This appointment underlines Nomura's commitment to India and to achieving our goal of becoming a top five player in the local market, said Vikas Sharma, who heads Nomura's India office.

Since October 2008 Awasthi has been head of equity research for Nomura in India, a position he will continue to hold. Awasthi joined Nomura from Lehman Brothers...