Leading global financial services firm, Morgan Stanley, after its split with Nimesh Kampani owned JM Financial, is all set to re-establish its footing in the Indian market.
In this regard, it has received a merchant banking licence from the Securities and Exchange Board of India (Sebi). Morgan Stanley in a release said, ?Morgan Stanley India Company Private Ltd has received merchant banking licence from Sebi, after the formal termination of the joint venture with JM Financial Group.? The license will enable the company to offer on-shore investment banking advisory and underwriting services in the Indian market. Morgan Stanley has been active in India since 1993. It considers India as a strategic priority and an area of continued investment. It is also seeking to develop an integrated platform in India that encompasses the full range of businesses the firm conducts globally. The company also announced two senior appointments for its India operations. Narayan Ramachandran, has been appointed as head of Investment Management in India (MSIM), and will be the chief executive officer and country head for Morgan Stanley in India. Ramachandran joined Morgan Stanley in 1996 and has held a number of senior positions for MSIM in New York, Singapore and Mumbai, including global head of emerging markets. It has also appointed Aisha De Sequeira, a senior banker at Morgan Stanley in New York, as head of investment banking. Aisha de Sequeira, who has been with Morgan Stanley?s Mergers & Acquisitions Group since 1995.
