Macquarie hires Agarwal as ECM head in India

Macquarie poaches Sanjay Agarwal from Edelweiss to head equity capital markets in India.

Macquarie Capital has hired Sanjay Agarwal to head equity capital markets ECM in India.

This is a newly created role in India as Macquarie seeks to build this business, riding on the success it has had in ECM in some other markets such as North Asia where, over the past 12 months, it has worked on deals like the initial public offerings of Agricultural Bank of China and Minsheng Bank. In India, ECM deals on which Macquarie has had a role include the $350 million qualified institutional placement QIP for Housing Development and Infrastructure HDIL and a $150 million QIP for GVK Infrastructure.

Agarwal will be based in Mumbai. He has more than 11...

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