New York, NY, August 20, 2013 --(PR.com
)-- Sumit Ganguly has joined Business Development Asia LLC (“BDA”) as Managing Director and Head of BDA’s Mumbai office. This is a significant step to bolster BDA’s strong team in India, and to deepen the firm’s unparalleled pan-Asian line-up of top investment bankers.
Sumit has 22 years’ experience advising on landmark Indian privatisations, M&A, capital markets and private equity transactions. Before joining BDA, he spent four years as Director, Corporate Finance at Barclays in Mumbai. Before that, he worked in the corporate finance departments of ABN AMRO, DSP Merrill Lynch, and UBS.
Sumit brings a deep knowledge of India and the rest of Asia, with sector experience spanning Technology, Media & Telecom, Chemicals, Consumer, Aviation and Financial Institutions. His past clients include the Government of India, Airport de Paris, BPL Cellular, Britannia, Carlyle, IDBI, Indian Petrochemicals, Lincoln National, Metro Airports, Siemens, Tata Global Beverages, TATA-SIA, and Tech Mahindra. He is a Fellow of the Institute of Chartered Accountants of India. He holds a Diploma from Xavier’s Institute of Management, and a BCOM (Hons) from St. Xavier's College, Kolkata. He is fluent in English, Hindi & Bengali.
Kumar Mahtani, Director of BDA Mumbai and a member of the firm’s executive committee, said “Sumit has an impressive track record and an excellent network of relationships with corporates and private equity firms. We’re pleased to bring on board an accomplished generator and executer of M&A transactions, to lead our Indian effort.”
Euan Rellie, Senior Managing Director and co-founder, added “BDA has completed some impressive transactions involving India over the past few years, for blue-chip clients such as ICICI Venture, Larsen & Toubro, Life Technologies, Tata Motors, Weir and Wockhardt. We’re excited to have hired Sumit to drive continued growth in India and across Asia.”
Sumit Ganguly added, “I’ve been impressed by BDA’s record of success in both Asia and the West. I’ve enjoyed getting to know BDA’s worldwide leadership team, most of whom have spent more than ten years with BDA, as well as my new colleagues in Mumbai. I’m looking forward to adding to BDA’s list of clients and transactions. We will continue to build BDA as a leading investment banking firm in India and across Asia.”
Business Development Asia LLC (“BDA”) is a leader in cross-border investment banking in Asia. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe and Asia. BDA was named Investment Banking Firm of the Year by The M&A Advisor in both 2012 and 2010. BDA is headquartered in New York with offices in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain, Seoul and Tokyo. BDA formed a partnership with William Blair & Company in 2011. BDA carries out its US securities business through BDA Advisors Inc. BDA Advisors Inc is a broker-dealer, registered with the US Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. www.bdallc.com www.bdaadvisors.com
For more information, please contact Euan Rellie in New York at +1 (212) 265 5300, or Sumit Ganguly and Kumar Mahtani in Mumbai at +91 (22) 6140 3800.