Rabo India Finance splits Investment banking JULY 2006

economic times 11th July 2006

RIF split its investment banking business into two verticals - capital markets for raising resources; and mergers and acquisitions and corporate advisory cell.

RIF has taken in kaushik Modak as ED and head-capital markets. RAhul Chander and Jayen Shah are directors.

The M&a cell will be headed by Shefali shah. She was earlier head of the Indian operations of Insite Equity.

CEO and Md of RIF is Sanjiv Bhasin.

The earlier head of Inv banking left to start IB at Motilal Oswal.

Now the capital markets team has 8 persons and M&A team has five persons.

The non fund income of the RIF is expected to go up from 10% to 40%.

RIF is also looking at adding on research to its existing operations.
Mr Bhasin added that they are looking at adding distribution network also in India.