The FINANCIAL -- Credit Suisse announced on May 27 a new Head of Fixed Income for India and a new Head of Fixed Income Sales.
Rajiv Baruah is appointed as a Managing Director and Head of Fixed Income, reporting to Mihir Doshi, Chief Executive Officer for India and Brian Yoon, Head of Fixed Income for Asia Pacific, Mr. Baruah will be responsible for all of Credit Suisse’s Fixed Income activities in India including FX, Rates, Credit as well as our Emerging Markets financing and trading activities, according to Credit Suisse.
Gaurav Pradhan is appointed as a Managing Director and Head of Fixed Income Sales for India, reporting to Rajiv Baruah and Eng Chien, Head of Fixed Income Sales for Southeast Asia and India, and responsible for developing and expanding Credit Suisse’s client base for Fixed Income products in India.
“We are delighted to have two industry veterans joining us at Credit Suisse and these appointments reflect the Bank’s continued ability to attract leading talent,” said Mihir Doshi, Chief Executive Officer for India. “We have a strong Fixed Income business in India, spread across several products and asset classes. Our ability to capture market opportunities, across FX, rates and lending has enabled us to develop meaningful market share, and the appointment of Rajiv and Gaurav underpins our commitment to providing a broader range of solutions to our domestic and international clients.,” added Mr. Doshi.
Credit Suisse began domestic fixed income operations in India, when it acquired a Non-Bank Financial Company (NBFC) in 2008, which enabled the Bank to support key clients with its balance sheet in local currency. In August 2010, Credit Suisse launched the operations of the Mumbai bank branch, allowing it to accept deposits and use its balance sheet to provide financing to clients, complementing the NBFC, and permitting it to deal in Indian Government securities, other domestic fixed income products and foreign exchange.
Mr. Baruah has over 25 years of experience in the finance industry having worked across a broad range of roles including investor sales, treasury and derivatives structuring in Singapore, Hong Kong, Mumbai, Calcutta and London. Prior to joining Credit Suisse, Mr. Baruah had been a Managing Director for Asian Markets in Singapore at Macquarie Bank since 2011, responsible for developing an investor sales business for the FX, Rates and Credit products for clients in Southeast Asia and Hong Kong. The role gradually evolved into selling structured notes into private banks and origination of illiquid financing opportunities with onward distribution of risk. At Macquarie, he also played a role in Group Treasury covering existing and potential investors in Group issuance across products and tenors. Before Macquarie, Mr. Baruah spent a number of years at Royal Bank of Scotland in Hong Kong and Singapore as Head of Sales for Private Wealth Management and Third Party Accounts.
Mr. Pradhan has 20 years of industry experience having worked at both onshore and offshore markets focusing on private financing, associated structuring and derivatives products. Before joining Credit Suisse, he spent 13 years at Deutsche Bank and most recently as the Head of Credit Structuring for South and Southeast Asia. Before Deutsche, Mr. Pradhan has worked at Franklin Templeton Investments and Kotak Mahindra Bank in fixed income and treasury roles.