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UBS appoints new Head of Equities in India
UBS India Securities Private Ltd has appointed Sandeep BHATIA as Head of Equities in addition to his current responsibilities as Head of India Research. The appointment became effective on 12th June
Bhatia has worked for UBS for in excess of 10 years during which time he has helped en-sure that the India research team has consistently achieved top three rankings in Institu-tional Investor and Asiamoney.
"As we continue to pursue our ambitious growth agenda in India, Sandeep will work closely with us and other members of the senior management team in identifying new strategic opportunities that will enable us to expand our client franchise and business reach," said Chi-Won YOON, Head of Asian Equities.
In a separate move, Ranjit HOSANGADY will relocate to Mumbai from UBS's Asia sales desk in London to become Head of Equity Sales in India. Before joining UBS in 2000, Ranjit was a portfolio manager on the Asian investment team at M&G Investment Management. Hosangady will report functionally to Michael CHIN, Head of Asian Equity Sales, and locally to Bhatia, as will Bharat AGRAWAL and Anjali BHARVANI who also recently joined the In-dia Sales team.
At the same time, in an effort to accommodate an upsurge in both volumes and client in-terest in India, UBS has bolstered its Cash, Trading and Execution capability to six people under the leadership of Premal MADHAVJI who reports functionally to Rob FLYNN, Head of Asian Cash Trading and Execution, and locally to Bhatia.
"India represents one of the most important sources of new business opportunities for UBS in the region and I am confident that these latest appointments will help us capture that growth and enhance our market leading franchise.
"To ensure that we retain our market leading position, we plan to make further hires to the research team over the coming months," added Yoon.
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