Goldman Sachs has announced the appointment of Sudarshan Ramakrishnan and Devarajan Nambakam as the new co-heads of investment banking in India. This strategic move underscores the firm’s confidence in the Indian economy and its commitment to enhancing client relationships and expanding its market presence in the region.
In an official statement, Goldman Sachs highlighted that Ramakrishnan and Nambakam will oversee the firm’s broader investment banking strategy in India. Their focus will be on deepening and broadening client relationships across various industry groups.
‘India is one of the largest and most exciting growth opportunities in the world,’ said Sonjoy Chatterjee, chairman and CEO of Goldman Sachs in India. ‘As the complexity of our clients’ needs grow in tandem with the Indian economy, these appointments reflect our continued conviction to bring together the firm’s global expertise, resources, and network to further differentiate the advice, service, and execution we provide our clients.’
Additionally, Sunil Khaitan has joined the investment banking team as a managing director and head of financing in India. Alongside Kailash Soni, head of ECM in India, Khaitan will focus on delivering innovative equity, equity-linked, and debt solutions for clients. Khaitan previously served as the head of ECM for South East Asia at a global investment bank.
Kamna Sahni is also set to join Goldman Sachs in Mumbai as an executive director at the end of the month.
