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MOVES-Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head
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MOVES-Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head
Jul 15, 2024 2:20 AM

HONG KONG, July 15 (Reuters) - Goldman Sachs ( GS ) has

appointed Sudarshan Ramakrishnan and Devarajan Nambakam as

co-heads of investment banking in India, the latest Wall Street

bank to bolster its leadership amid a rise in dealmaking

opportunities in the country.

Ramakrishnan and Nambakam, previously the bank's co-chief

operating officers in India, now report to India Chairman and

Chief Executive Sonjoy Chatterjee, Goldman said in a statement

on Monday.

They are tasked with managing Goldman's broader investment

banking strategy, driving growth across industry groups and

deepening and broadening client relationships.

The firm also announced that Sunil Khaitan has joined as

head of financing in India. Reuters reported in April that

Goldman hired Khaitan from Bank of America.

Kamna Sahni will meanwhile join the bank in Mumbai as an

executive director at the end of the month.

Ramakrishnan joined Goldman Sachs ( GS ) in Hong Kong in 2004

before moving to Mumbai three years later. He has been

responsible for client coverage across technology, media &

telecom, consumer & retail, metals & mining and some large

conglomerate clients.

Nambakam, who worked in London for four years before joining

the Mumbai investment banking team in 2010, has covered clients

across the financial sponsors, natural resources, healthcare,

industrials and infrastructure sectors.

Goldman has also named Jacky Leung head of Hong Kong

coverage, according to an internal memo seen by Reuters and

confirmed by a spokesperson.

Leung's appointment comes after the departure of veteran

banker Stephen Wong, who is joining venture capital firm Valley

Capital Partners, according to his LinkedIn post.

Wong was most recently Goldman's chairman of Hong Kong

investment banking and co-head of real estate for Asia ex-Japan.

Jie Wei has assumed sole responsibility for real estate

investment banking in Asia Ex-Japan, the memo said.

Both Leung and Wei and will join the bank's Asia Ex-Japan

investment banking operating committee.

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