Monday, June 18, 2007

Merill Lynch loses Sumeet Puri

Sumeet Puri resigned as head of equity capital markets in India at Merrill Lynch & Co., the biggest arranger of share sales in the nation, reported the Economic Times. Puri will leave Merrill by August after 13 years with the New York-based investment bank.

There have been no official statements as of now on this development from Merill Lynch and the reason for quitting, less than five months after he was named to run equities and origination of structured products in India, is not known yet.

Merrill's top executive in India, Amit Chandra, and its head of investment banking Munesh Khanna quit at the end of last year to start buyout funds.

Related Posts:
Merrill names Sumeet Puri as head of India equity capital markets
Ex-Merrill Lynch India i-banking unit head Munesh Khanna starts $300 mn distressed assets PE fund
From DSP ML to Citi: Vikas Khattars big move
Deutsche names Sanjay Sharma head of India equity capital markets

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