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.