EXCLUSIVE: Former StanChart I-banking MD to join MAPE Advisory

Sunil Mehra, the renowned investment banker, is set to start his new stint at MAPE Advisory Group as Managing Director-I Banking. Before joining MAPE, Mehra was with Standard Chartered as a Managing Director in the Corporate Finance group.

Mehra, who enjoys an experience of almost 20 years in investment banking sector, has been involved with key transactions include Tata Chemicals’ acquisition of General Chemicals, Cimpor’s acquisition of Digvijay Cement, Mylan Labs’ acquisition of Matrix Labs, ADR issuance by Dr Reddy’s Labs and convertible bond issuances by Lupin, Panacea Biotech, Tata Motors and Tata Chemicals.

Before joining with Standard Chartered, Mehra worked with DSP Merryl Lynch as a director, during 2000-2006. Prior to that he was VP at ABN AMRO for 5 years and worked 3 years with Kotak I-Bank as manager.

When contacted, Mehra has confirmed the development. At MAPE, Mehra will focus on mergers and acquisitions, private equity and equity corporate finance.

MAPE Advisory Group, a boutique investment bank, was founded in 2001 by former DSP Merryl Lynch bankers Jacob Mathew and Ramprasad. MAPE handles mergers and acquisitions, capital raising, and financial advisory services to private and public companies.

During last 3-4 months, India Inc witnessed exit of a few senior investment bankers, especially in merger& acquisition space.

Replacing Mehra, Standard Chartered appointed Saurabh Agarwal, former head of investment banking, Bank of America Merrill Lynch, a few months back.

Bank of America Merrill Lynch also lost Promit Ghosh, former M&A head, and Raj Kataria, former managing director and head of financial institutions group.

Both have quit to start an advisory with Rajeev Gupta, former India head of Carlyle India Advisors Pvt. Ltd.

Anshuman Thakur, a former director at NM Rothschild, joined with Morgan Stanley as managing director at I-Banking. Sughosh Moharikar, managing director of investment banking at Credit Suisse India also had quit. He is reportedly joining with Deutsche Bank as M&A head.

Ganeshan Murugaiyan, former head of investment banking at UBS India has joined BNP Paribas’ corporate banking division, a couple of months back.

Source: Business Standard