Daiwa hires heads of fixed income in Korea and India

Jung Insuk joins from Shinhan Investment Corp to lead the fixed-income business in Korea, while Ajay Marwaha, formerly with Nomura, takes the helm in India.

Daiwa Capital Markets Daiwa, the investment banking arm of Japanese brokerage and financial services company Daiwa Securities Group, has hired two more bankers as heads of fixed income in Korea and India as it continues to expand its presence in Asia.

Jung Insuk has joined from Shinhan Investment Corp to head up the fixed income division in Korea, while Ajay Marwaha has come on board to run fixed income in India. Marwaha, who started in mid-June, was previously an executive director with Nomura Financial Advisory and Securities India. In the past he has been responsible for fixed-income, currency and commodities FICC trading and involved in the launch of primary dealer businesses at both...

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