Credit Suisse hires top executives to expand fixed income business in India

MUMBAI: Credit Suisse, the Swiss-headquartered financial institution, on Tuesday announced senior hires to expand its fixed income business in India.

Rajiv Baruah from Macquarie Group was appointed head of fixed income (business) in India and Gaurav Pradhan, an ex-Deutsche banker, was named managing director and head of fixed income sales for Southeast Asia.

"Baruah will be reporting to Mihir Doshi, chief executive officer for India, and Brian Yoon, head of fixed in come for Asia Pacific,"
Credit Suisse said in a statement.

Baruah will oversee foreign exchange, inter est rate-related instruments, credit and emerging mar kets financing and trading ac tivities.

Pradhan will report to Baruah and Eng Chien, head of fixed in come sales for Southeast Asia and India.

Baruah has over 25 years of experience in the finance industry and has worked with the Royal Bank of Scotland in Hong Kong and Singapore as head of sales for private wealth management and third-party accounts.

Pradhan, who has 20 years of experience, spent 13 years at Deutsche Bank. He also worked at Franklin Templeton Investments and Kotak Mahindra Bank in fixed income and treasury roles.

The Swiss bank began fixed income operations in India when it acquired a non-bank financial company in 2008. In August 2010, Credit Suisse set up its branch operations in Mumbai. Credit Suisse is ranked 14th in the Bloomberg league table for managing loan mandates. State Bank of India and Axis Bank lead the chart.