Prabhat Awasthi to lead Nomura as India head from April 1

The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. Picture taken November 18, 2016. REUTERS/Toru Hanai - RTSTQUW

Nomura, Asia’s global investment bank, on Wednesday announced elevation of of Prabhat Awasthi as the new Head of India from April 1, 2017. He is currently Head of Equities, India.

Awasthi will be responsible for running Nomura’s India franchise spanning fixed income, equities and investment banking.

Awasthi replaces Vikas Sharma who will take charge as Head of Asia ex-Japan from April 1. He will report to Sharma.

Awasthi has about two decades of experience in the Indian equity markets, and assumed his current role at Nomura in 2011. He joined Nomura in October 2008 as Head of Equity Research, India, from Lehman Brothers, where he held the same position. Prior to that, he was a founding member of the Brics Securities business acquired by Lehman Brothers in 2007, and had stints at JP Morgan, Morgan Stanley and Crisil where he began his career in 1994.