Religare Capital Markets (RCML) has hired John Sturmey to head its global equity capital markets operation as it continues to cement its securities operations in Asia.
Sturmey is a 15-year industry veteran with long experience within the region. He was most recently jointly in charge of UBS’s global capital markets group in Asia, and left in April after management changes. Earlier he had led the Swiss bank’s Asia syndicate team before a two-year spell at RBS, heading up its equity capital markets division, also in Asia.
He will start work at the end of July and be based in Hong Kong. His position is a newly created one, and he will be supported by a team of 10 bankers that will focus on attracting mandates from Indian and Southeast Asian companies, particularly those in the consumer and energy and resources sectors.
“RCML’s equities platform has developed strong international reach and [Sturmey’s] track record and strong institutional relationships will help address the increasing requirements of our emerging markets corporate clients as we continue to expand globally,” said Sutha Kandiah, global head of investment banking in a press release.
RCML is the investment banking and institutional securities arm of the emerging-markets financial services specialist, Religare Enterprises. It has distribution capabilities in most major international financial centres and employs around 300 staff, including more than 40 analysts covering a broad range of industry sectors, investment strategy and macroeconomics.
Sturmey’s recruitment is the latest in a series of high-profile developments at RCML.
At the end of May, the bank hired Gautam Trivedi from Goldman Sachs to head its institutional equities business in India. He spent seven years at the US investment bank, most recently as a managing director and head of sales in India.
A few days later, RCML said it was integrating its London listings and broking businesses with its global emerging markets platform, “to create one cohesive offering” for its investor and corporate clients. The expansion of its UK operation meant that it made several new senior hires.
These included Richard Thompson as head of investment banking, who has 25 years experience in the industry, most recently at Fox-Davies Capital, where he was also in charge of investment banking. He brought with him three former Fox-Davies colleagues: corporate financier Philip Davies, oil-and-gas specialist David Porter, and Tim Davis, who focuses on the global energy equipment and services sectors.
In addition, RCML hired Oliver Hoare from Matrix Corporate Capital as managing director for equity sales, and he was joined by his ex-colleague Darryl Warnford-Davis, who takes on a senior institutional sales role. Finally, Raymond Greaves joined from Collins Stewart to head RCML’s research effort for the UK and Europe, the Middle East and Africa.