Nimesh Kampani-founded Indian investment bank JM Financial Services is strengthening its fixed-income business in Mumbai.
JM has appointed Sanjeev Bajaj as head of fixed income, with additional charge to step up JM's operations in Dubai and Singapore, and Shashwat Belapurkar as head of debt capital markets, sales and trading in fixed income. Dhiraj Dave will join JM Financial's asset reconstruction company.
Bajaj and Belapurkar will join JM as managing directors, while Dave will be an associate director, said sources familiar with the development, who added that they will be on board within a week.
Bajaj was country treasurer of Bank of America in India until May this year.
In India the...