subject: Key Research Staff Hires For Raffles Asset Management Inc. Bangalore, India [print this page] Key Research Staff Hires For Raffles Asset Management Inc. Bangalore, India
UB City, Bangalore, India (April 8, 2011) : Equities research house Raffles Asset Management Inc. has hired two India analysts from its rivals as it looks to strengthen its industry coverage of Asia's third-biggest economy, said a source at a briefing on the appointments this Friday.
Rajendrannath Senapati, a former analyst at UBS, has agreed to join Raffles as its Indian Agricultural Sector research specialist. He will start in May, the source said.
Senapati, rated by many industry magazines as one of the top India analysts, will also serve as a managing associate at Raffles' UB City research facility in Bangalore, added the source..
Former Strategic India Inc. sector analyst Dharmendra Maraj has joined Raffles as a vice president for research in India's telecoms sector.
Jackson R. Graham, CFA, Director of Investment Research, confirmed the two appointments for the Raffles' India Research Team.
Bankers and dealmakers have expected deal flows to pick up in major Asian economies such as China and India, which are helping pull the world out of the financial crisis.
Some buyout funds remain cautious on India's economic prospects, with analysts predicting domestic industry consolidation may accelerate before a new wave of foreign investment.
Mr. Graham said "the team will concentrate in following its select list of blue chip Indian companies as well as aggressively search out overlooked niche companies determined to be India's industrial and technological leaders of the future". Mr. Graham feels strongly that India's growth will come in the areas of Telecom, Agriculture, Consumer Durables and Water Resources. "These two appointments will greatly strengthen Raffles position in Indian Equities Research".
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