Jefferies Taps Barclays's Ashish Jhaveri To Help Build India M&A Team
Listen to This Article
By Anto Antony
Ashish Jhaveri, head of mergers and acquisitions for Barclays Plc in India, has resigned from the company and is set to join Jefferies Financial Group Inc. to help build its deal advisory business in the country, according to people familiar with the matter.
A veteran of two decades in investment banking, during which he worked across companies including Citigroup Inc. and Credit Suisse Group AG, Jhaveri has agreed to join Jefferies in Mumbai, the people said, asking not to be identified as the information is private.
The hire is part of the US firm’s ambition to build an M&A practice in India, where dealmaking has been relatively robust while the business elsewhere slowed to a crawl. Barclays was an adviser on billionaire Gautam Adani’s acquisition of Holcim Ltd.’s India operations and JSW Energy Ltd.’s buyouts of renewable energy businesses among others in the last 12 months, data compiled by Bloomberg show.
Spokespersons for Barclays and Jefferies declined to comment on Jhaveri’s move, while he didn’t respond to text messages and phone calls seeking comment. Jhaveri, a chartered accountant, has been heading Barclays’s M&A unit in India since 2018, according to his Linkedin profile.
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more