murugappan-moves-full-circle

Murugappan moves full circle

Alagappan Murugappan rejoins Indian investment bank ICICI Securities as head of equities after a three-year stint in private equity.
Alagappan Murugappan is joining ICICI Securities, the investment bank subsidiary of India's largest private sector bank, ICICI Bank. Murugappan joins as head of the equities business from private equity firm Deeva Capital where he was a partner.

Murugappan spent one year at Deeva where he was one of three founding partners. Deeva Capital is a start-up private equity firm which has secured about $100 million of international seed funding. The move represents a full circle for Murugappan who left ICICI Securities in early 2004, bitten by the private equity bug. At the time, Murugappan moved to Actis erstwhile CDC as an investment principal with the responsibility for leading and coordinating fundraising activities relating to South...
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