UBS appoints India investment banking head

Gaurav Mehta promoted to lead Indian coverage at Swiss bank after departure of Ravi Shankar last year.

UBS has appointed Gaurav Mehta, a former Morgan Stanley banker, as head of its Indian investment banking unit.

He replaces Ravi Shankar, who left UBS in September after more than eight years with the Swiss bank in India. Mehta worked as a coverage banker at Morgan Stanley, looking after the bank’s real estate, telecoms and financial sponsor clients.

UBS said last year that it was winding down its wealth management business in India as part of a global strategic review, but stressed at the time that it remained committed to its core businesses in the country, including equities and investment banking where it continues to be a...

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