Morgan Stanley names new country head in India promotion spree

Sanjay Shah, country head of Morgan Stanley in India | Photo: Twitter/MorganStanley
Morgan Stanley made several senior appointments from country head to chiefs of investment banking in India after the U.S. bank cemented multi-billion dollar deals in the Asian country in the past year.

Sanjay Shah will be the bank’s country head for India, effective immediately, according to a memo seen by Bloomberg News on Tuesday. Kamal Yadav and Sachin Wagle will become co-heads of the country’s investment banking, while Samarth Jagnani is the new chief for global capital markets in India, the memo shows.

The appointments also came after Aisha de Sequeira, Morgan Stanley’s co-chief executive officer and head of investment banking in India, died late last year. In 2020, Morgan Stanley worked on key deals such as Facebook Inc. and Google’s investments in Jio Platforms Ltd., the digital arm of billionaire Mukesh Ambani’s Reliance Industries Ltd. Shah was the co-head for India along with Sequeira.

Shah rose through the ranks after joining Morgan Stanley as an associate in 1996 in the institutional equities division in Mumbai. He became managing director in 2005 and was co-head of India from 2013.

Yadav and Wagle, the new investment banking chiefs in India, have been with the firm for more than 20 years. Jagnani, who joined in 2007, has been leading international listings and new initiatives for the bank in the South Asian country.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel