Wealth Recruiter Firm's India Boss Heads Westward To Forge Closer US Ties

Tom Burroughes

24 April 2014

, the executive search firm operating in wealth management, announced yesterday that the founder and chairman of its India business is relocating to the US as part of a drive to link business opportunities between the countries.

Deepak Verma, who is also vice chairman, Americas, will work with Sheffield Haworth’s multinational clients across retail financial services & insurance. He is moving to New York, the firm said in a statement.

Verma will help US financial institutions develop their outsourcing and offshoring initiatives in India, and work with Indian firms setting up or strengthening operations in the US. He will work with Mark Esposito, EVP, Americas, Tom Putrim, managing director (Chicago) and James Isaacs, managing director (London).

He will also continue his role as board member of Sheffield Haworth India, supporting the India leadership team.

Prior to setting up Sheffield Haworth in India in 2007, Verma was head of the financial services practice with Transearch in India, the global executive search firm.

“Strong traction in the US economy, alongside the expected resumption of growth in the Indian economy is likely to rekindle US investment interest in India,” he said.

Timothy Sheffield, group CEO, added: "We are likely to see unprecedented levels of activity between the Indian sub-continent and the US, both from international companies looking to invest in the India growth story and Indian headquartered companies developing their international footprint.”