Kotak's Borkakoty to head ECM for Nomura in India

Nomura poaches Indraneil Borkakoty from Kotak to head equity capital markets for India.

Nomura has hired Indraneil Borkakoty as head of equity capital markets for India.

He reports to Nipun Goel, who Nomura hired from Merrill Lynch to head investment banking for India in March this year, and to Mark Williams, who heads ECM for Asia ex-Japan and recently came on board from UBS.

Most recently, Borkakoty was head of ECM for Kotak Mahindra Capital. He spent five years at Kotak and before that worked across ICICI Securities, KPMG and Lazard for 10 years.

In a written statement commenting on the hire, Williams noted that India accounted for 16% of Nomura’s total ECM volume in Asia ex-Japan in the first half of...

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