ICICI Securities Names Two Bankers as Co-Heads of ECM Business [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
Gaurav Singhvi and Sarun Agarwal were named co-heads of the ECM business as of May 1, said the people, who asked not to be identified because the information is private. They replace Pratik Loonker, who left the firm to join rival Axis Capital Ltd., the people said. A representative for ICICI declined to comment. Singhvi has worked at ICICI Securities Ltd. for more than six years. Before that, he worked at local investment bank IIFL Capital Ltd. and JPMorgan Chase & Co., according to his LinkedIn profile. Agarwal has worked at ICICI Securities for more than two years. Investment banks in India have seen a lot of hiring and movement of bankers amid a boom for initial public offerings in the country. ICICI plans 15 new hires in its investment banking division this year to beef up its mergers and acquisitions, private equity and fundraising practices, and another 15 in sales, trading and research, Bloomberg reported in January. On Thursday, the bank — India's second-largest by m
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