Espirito Santo forays into investment banking in India

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 Espirito Santo Securities India, a part of the Espirito Santo Investment Bank (ESIB), today said it has forayed into the investment banking space and has appointed George Mathew as Head of Investment Banking in India. Based in Mumbai, Mathew will report to Nick Paulson-Ellis, CEO - India, the company said in a release.

Mathew's role will include building the team and growing the institution's presence in the investment banking space. "We are delighted to have someone of Mathew's calibre and experience to launch and build out our investment banking franchise in India. "We see an exciting opportunity to help Indian corporates in cross border M&A into our emerging markets such as Brazil and Africa, as well as helping corporates raise growth capital in both domestic and international markets," Paulson-Ellis said. The company's footprint across Europe and emerging markets will enable it to provide significant value to its clients and this appointment highlights Espirito Santo Securities India's commitment to growing its presence in India while leveraging its global reach, he added. Espirito Santo Securities India (ESS) is an Indian joint venture between Espirito Santo Investment Bank and the Burman Family, who are the majority shareholders of Dabur.

"We are impressed with the progress Espirito Santo Securities India has made since their launch in the country. In a short time they have anchored themselves as one of the leading securities houses in India and have built a research product that is respected, and regularly quoted. "We believe the natural next step is to expand their global investment banking business into India. We believe that Espirito's investment banking efforts, with Mathew at the helm, will be extremely successful, and we are excited for the future of the business," Burman Family Holdings Partner Gaurav Burman said.

Mathew started his career as a credit rating analyst at Crisil and has in the past also served as a consultant to banks in their internal credit processes and risk management systems. PTI

Read more about: espirito santo
Story first published: Tuesday, February 19, 2013, 15:45 [IST]
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