RBS hires Devesh Kumar as head of equities for India

Kumar, who has a background with several banks in India, joins RBS after 15 months as CEO of Fortune Financial Services.
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Photo: AFP</div>
<div class="ArticleImageCaption" style="border-width: 0px; text-align: right; padding: 0px; font-size: 7pt; color: rgb(119, 119, 119);"> Photo: AFP</div>

Royal Bank of Scotland has hired senior Indian banker Devesh Kumar to fill a newly created position as head of equities for India as it continues to expand its business in the region, the UK bank said yesterday.

Kumar has more than 20 years of banking experience, including a combined 10 years building the equities businesses at ICICI Securities and Centrum Broking. Prior to that, he worked at ABN Amro, Daewoo Finance India, WI Carr and Unit Trust of India, primarily in research positions.

Kumar moves to RBS from Fortune Financial Services India, a Mumbai-listed brokerage, investment banking and portfolio management firm, which he joined in February...

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