Nomura strengthens TMT team

The Japanese bank poaches Sandeep Singh from Citi to head TMT for Asia and Macquarie's Shubham Majumder to head TMT for India.

Nomura is building its Asia telecommunications, media and technology franchise with the hires of Sandeep Singh as head of TMT for Asia and Shubham Majumder as head of TMT for India. 

Singh joins Nomura from Citi, where he worked for over a decade, primarily on TMT deals. He will be based in Hong Kong and will report to Patrick Schmitz-Morkramer, head of Asia ex-Japan investment banking, and Bertrand Kan, global head of TMT.

Majumder was earlier a research analyst with a focus on the TMT sector. He was most recently the Asia-Pacific head of telecom research at Macquarie in India. Majumder will report locally to Nipun Goel, head of investment banking for India, and regionally to Sandeep Singh.

“The appointments of Sandeep and Shubham provide the [TMT] team with additional leadership and industry experience, which will help deepen our client coverage in the sector,” said Schmitz-Morkramer in a written statement.

Nomura has had some recent wins in TMT. It was a joint bookrunner on Maxis's $3.3 billion initial public offering in November last year and this year has been involved in the $871 million block trade of Hynix Semiconductor shares and the $180 million sell-down in Telekom Malaysia by Khazanah. On the M&A side, Nomura acted as the lead financial advisor to India’s Aircel on the $1.8 billion sale of its tower business to GTL Infrastructure.

The TMT sector in the region has witnessed some movement in personnel recently. Last month, Anupam Garg joined Macquarie from ST Telemedia as a senior managing director, as part of a drive by the Australian investment bank to enhance its focus on TMT. In June, Citi's Rahul Shukla, who was head of TMT for Asia-Pacific, transferred to a new position as head of the corporate bank with Citi in India. Citi promoted Nikhil Eapen to Shukla's previous role and transferred Jim Perry from the US to join the team.

¬ Haymarket Media Limited. All rights reserved.
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