Vikas Sharma, Senior Managing Director and Executive Chairman of Nomura India, has decided to step down from his position at the Japanese bank. Vikas, who joined Nomura in 1999 in the Hong Kong office as part of the Investment Banking team, relocated to Mumbai in 2007 to establish the bank’s presence in India and took on the role of Country Head for India. He was responsible for building the franchise in India, as stated in a company memo, reported Economic Times.
Also read: Nomura India’s head of investment banking steps down: Report
Having completed his education at Manipal Institute of Technology and holding an MBA from the Asian Institute of Management in Manila, Vikas Sharma possesses more than 25 years of experience in the banking and consulting industry. During his tenure as an investment banker, he focused on the technology, media, and telecom (TMT) sector across Asia, reported Economic Times.
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In 2017, Vikas assumed the position of Head of Asia ex-Japan, where he played a key role in implementing Nomura’s business strategy across the region. In 2021, he returned to Mumbai and took on the role of Executive Chairman for India.
Nomura Holdings also recently witnessed the departure of Utpal Oza, the India Head of Investment Banking. Amit Thawani, the Managing Director and Head of Coverage Investment Banking, was appointed as his replacement. During his time at Nomura, Utpal Oza played a pivotal role in several important deals, including the sale of ASK Group to Blackstone and the sale of diagnostics firm Thyrocare to healthcare company PharmEasy.
This development follows a previous restructuring at Nomura India earlier this year, which involved the appointment of a new Head of Equity Capital Markets in January. Mahesh Natarajan was brought in to lead the equity capital markets division after the departure of Mangesh Ghongre, who left the company, leaving the position vacant. Natarajan previously held the role of head of the ICICI Securities equity capital markets business.
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Updated: 10 Jul 2023, 03:01 PM IST
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