August 29, 2017 / 7:44 AM / 10 months ago

HSBC India investment banking head Sanghai quits to start new venture

MUMBAI (Reuters) - HSBC Holdings Plc’s (HSBA.L) India investment banking head Sunil Sanghai has left the bank to start an investment banking joint venture with Dhruva Advisors LLP, the tax and regulatory consulting firm said in a statement late on Monday.

People walk past the head office of HSBC bank in Mumbai November 20, 2008. REUTERS/Arko Datta/Files

The new joint venture will combine Dhruva’s tax structuring expertise and Sanghai’s experience in executing complex mergers and acquisitions, it said.

Dhruva was founded by Dinesh Kanabar, formerly a deputy chief executive for KPMG India.

Sanghai, who has been with HSBC since 2010, previously worked with Goldman Sachs and Morgan Stanley.

Reporting by Devidutta Tripathy; Editing by Biju Dwarakanath

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