MUMBAI: Private equity (PE) funds have turned job providers in a market that has otherwise grown sluggish on account of a protracted economic slowdown. Top funds, which have infused capital into greenfield ventures, are hiring a significant number of mid and senior-level managers to staff these new businesses. PE firms such as Advent International, Blackstone, […]
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Overall headcount in India’s mutual fund industry had increased 28 per cent in FY19, thanks to demand for products despite weakening financial markets. Penetrating deeper into smaller cities to expand their business has increased staff strength, said fund managers. But in FY20, their pace of hiring is expected to be slower. ICICI Prudential Mutual Fund […]
Read More… from Mutual fund houses step up hiring to keep pace with expansion drive
Mumbai: In April, when the Blackstone Group pipped rivals to acquire a majority stake in packaging company Essel Propack for $460 million, it was on the back of the rich experience of one of its operating partners, former Unilever chief operating officer Harish Manwani. The fact that the global private equity firm owns four similar […]
Read More… from For companies, it’s human capital that makes or breaks a deal
KOLKATA | MUMBAI: Several senior professionals in the nonbanking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhere as the sector reels under a liquidity crunch. The departures have halted the trend of banking talent moving to NBFCs, with many top-tier executives, including CXOs, having moved […]
Read More… from Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech
MUMBAI: Vikas Khattar joined domestic investment banking firm Ambit Capital after 20 years with foreign banks like Citi, Merrill Lynch, Morgan Stanley, HSBC and Jefferies. In July, Anjani Kumar moved in as managing director of boutique domestic investment bank O3 Capital after two decades of a global career in multiple geographies with foreign banks like […]
Read More… from Top talent rushes to join domestic Investment Banks
MUMBAI: With the return of a booming primary market, million-dollar investment bank bonuses are expected to be back with a bang. Global and domestic investment banks in India have earned the most fees in the past five years in 2017, making a strong case for big annual payouts, industry experts and headhunters said. Investment banks […]
Read More… from Fat payouts to make 2018 a Happy New Year for investment banks
MUMBAI: On a dusty October day in Allahabad more than 200 sales executives queued up for an interview for the post of regional sales manager at a non-banking financial company. The person who interviewed them was not a company official, but a principal of a private equity fund that had recently invested in the NBFC. […]
Read More… from Private equity calling the shots on hiring in portfolio firms
MUMBAI: Veteran private equity fund manager Manoj Dengla who helped set up and build Carlyle’s platform in India is leaving the firm after almost 13 years to join Arpwood Partners, a buyout fund floated by ace investment banker Rajeev Gupta. Arpwood has carved a niche for itself in mid-market buyouts and control transactions and is […]
Read More… from Manoj Dengla leaves Carlyle to join Arpwood Partners
The expanding gamut of the financial services sector is leading to an increase in crorepati human resource professionals, with salaries of chief HR officers catching up with those of chief executive officers in finance and compliance functions. The emergence of new segments like small finance banks and financial technology companies, and the expansion of non-banking […]
Read More… from Pay of HR heads rises as finance sector expands
MUMBAI: Raghav Gupta left his cushy job as director of private banking at Citi to join ASK Wealth Advisors as a managing partner in August last year. He now advises wealthy clients, some of them twenty-something startup founders who became multimillionaires overnight by selling their companies, on investing their money wisely. For the Mumbai-based boutique […]
MUMBAI: With $336 million of total revenue in 2016, the lowest for investment banks in the last five years, million-dollar annual bonuses have all but vanished. Shrinking business has not only taken a toll on team sizes, but annual payouts as well. Global banks such as Citi, JPMorgan, Goldman Sachs, Bank of America Merrill Lynch […]
Read More… from Investment bankers won’t get million-dollar annual bonuses this year
MUMBAI: For private equity investors in India, 2016 may have been one of the worst years in terms of investments but hiring in the industry hit a new high even as several senior executives quit to start their own funds. More than half-a-dozen senior fund managers have moved out to start their own funds, ranging […]
Read More… from Private equity hiring peaks as several senior executives start their own funds
MUMBAI: As global and domestic private equity funds step up their India presence in the second lap of their journey in the country, they are beefing up their teams with junior-level talent to help them source and execute deals better. And the funds are paying these young undergraduates and graduates from top Indian and global […]
Read More… from Private equity funds tap into junior talent in India, step up hiring
MUMBAI: As the Indian executive debates and formulates laws to allow foreign lawyers to practice here, big foreign law firms are scoping the market for talent and acquisition targets. Global recruitment firms that have so far remained fringe players in the area are beefing up their legal practices as firms like DLA Piper, Baker & […]
MUMBAI: Sanjay Grewal, IDFC’s board member is joining Altico Capital, the nonbanking financial arm of Clearwater Capital. RK Narayan of JM Financial Real Estate Fund is moving to head the $400 million real estate fund of Macquarie Group. There are more than half a dozen top-level hires in the last couple of months among real […]
MUMBAI: Demand for private bankers in India has surged in recent times with the emergence of new millionaires and burgeoning pools of shrewdly invested money in growing asset classes. This is making wealth management the most sought-after profession within the financial services sector where a top banker managing an active investment book in excess of […]
Read More… from Wealth management is the new buzzword in financial services sector
MUMBAI: Last week, after almost a decade-long, trailblazing career in leadership consulting and managing the corner office of global executive search firm SpencerStuart in India, Anjali Bansal took the plunge into private equity, coming on board TPG Growth as its newest MD and Partner with a mandate to build out a stronger platform for the […]
Read More… from Deal deluge sends private equity firms on a hiring spree
IAIP, Mumbai organized a Career Day event on 04 June 2013 which focused on the relatively unexplored area of Fixed Income. The event was well attended by around 100 participants, which included candidates as well as member charter holders. The event began with Kishor Bagri CFA, Director, IAIP, outlining the flow of events and introducing […]
Read More… from IAIP – Insights into making Career in Fixed Income Market, Mumbai