Macquarie Securities Group adds six in India

The institutional securities division of Macquarie announces new appointments in India, highlighting its growth plans and commitment to one of the worldÆs fastest growing markets.
Macquarie Securities Group (MSG), the institutional securities business of Macquarie, announced six new appointments in an effort to build its India platform.

"The increasing sophistication and global relevance of the Indian capital markets continues to attract investors attention so we are ensuring we are appropriately staffed with high calibre teams to meet our clientsÆ requirements," says Stuart Smythe, MacquarieÆs head of equity in India.

MSG hired Rajeev Malik as Asean and India economist. With 18 years experience, Malik joins from JPMorgan where he was senior economist covering Asean and India.

Irfan Khan joins as head of structured product sales in India. With more than 15 years experience in financial markets, Khan last worked for Citigroup Global Markets Australia as head of equity structured products.

The firm also hired Loretta Joseph as vice-president in derivatives sales from Deutsche Bank. Joseph has 16 years of client-focused experience, most recently managing overseas investorsÆ futures trading in Asia.

In addition to these new hires is the recent relocation of Christian Drysdale from MacquarieÆs Hong Kong office to run the equity products business in India.

Plus, Anand Krishna joins from JPMorgan as chief financial officer for India; Anjali Saxena joins from MNC Media Group as head of human resources; and Ripple Boruwa joins MacquarieÆs business services division from Knight Frank, responsible for ensuring Macquarie has the facilities it needs to achieve its planned growth.

"The combination of hires including key operational staff and additions to our platform in equity research and trading, together with our initiatives in structured equity products further broadens our base for growth," says Smythe, adding "the recently announced merger of Macquarie Capital Securities and the equity markets groups to create MSG opens up enormous opportunities in both our trading of flow and risk products. India represents a significant opportunity in this regard."
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