People Moves
Morgan Stanley Appoints India Country Head and CEO
Morgan Stanley has announced the appointment of
P Jayendra Nayak as chief executive officer and country head
for India.
Mr Nayak, presently an operating partner at
Advent International Private Equity, will assume his new
position starting 5 April, the bank said in a statement. In
addition to Advent, he is a non-executive chairman at
Motilal Oswal Asset Management Co. Prior to that, he spent
almost 10 years serving executive roles at
Axis Bank until he resigned in April last year.
He will be based in Mumbai.
The appointment comes as foreign banks are stepping up their
presence in the South Asian country hoping to tap its robust
capital market and high net worth numbers.
