Credit Suisse taps into JPMorgan talent
(20 April 2010 – India) Swiss banking firm, Credit Suisse, has said that it has hired Vedika Bhandarkar, current head of Investment Banking at rival JPMorgan, to strengthen its investment banking in India.
The veteran banker will take the position as vice chairman and India head of Investment banking, as well as head of global markets solutions group for India, Credit Suisse said.
Also joining Mr Bhandarkar at Credit Suisse is JPMorgan’s Sandeep Pangal, who has taken the position of managing director of Investment Banking Coverage.
The appointment of the pair is the second talent loss in as many months for JPMorgan, Kaku Nakhate resigned last month to return to Bank of America Merrill Lynch, where she will become head of the bank’s US operations.
Two other JPMorgan employees also joined her in the move.
Credit Suisse are delighted that Mr Bhandarkar and Mr Sandeep are joining Credit Suisse to accelerate the growth of the franchise, Vikram Malhotra, co-head of the investment banking department, Asia Pacific at Credit Suisse, said in an email.
India is central to the bank’s strategy and Credit Suisse is confident that the two hires will build on the bank’s momentum to take the business to the next level, Mr Malhotra said.
Also joining Mr Bhandarkar at Credit Suisse is JPMorgan’s Sandeep Pangal, who has taken the position of managing director of Investment Banking Coverage.
The appointment of the pair is the second talent loss in as many months for JPMorgan, Kaku Nakhate resigned last month to return to Bank of America Merrill Lynch, where she will become head of the bank’s US operations.
Two other JPMorgan employees also joined her in the move.
Credit Suisse are delighted that Mr Bhandarkar and Mr Sandeep are joining Credit Suisse to accelerate the growth of the franchise, Vikram Malhotra, co-head of the investment banking department, Asia Pacific at Credit Suisse, said in an email.
India is central to the bank’s strategy and Credit Suisse is confident that the two hires will build on the bank’s momentum to take the business to the next level, Mr Malhotra said.
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