Vikram Gandhi Sets Up Own Investment Bank

Tuesday, February 14, 2012

Mumbai: Vikram Gandhi, former vice-chairman of investment banking and global head of the financial institutions group at Credit Suisse, is setting up an investment bank— VSG Capital Advisors.

The Delhi-based firm will handle domestic and cross-border deals and advise high networth individuals and global institutional investors such as pension funds and sovereign wealth funds (SWFs) which are looking to increase their allocation to India.

In addition, the firm will also look to advise on investments in the social sector.

Before working for Credit Suisse, Gandhi spent at least 15 years with Morgan Stanley in different roles, including global head of institutional strategy, head of the financial institutions group and president and country head of Morgan Stanley in India.

“The intention was to leverage my global network and capital markets experience to act as a bridge between institutional investors, high net worth individuals, and developmental capital and the investment opportunities that exist in India and Asia,” Gandhi said in a phone interview on Monday. “The opportunity in India today as compared to 10 years ago has gone up tremendously and hence many global sovereign wealth and pension funds are looking to increase their allocation towards the country.”

Some of the targets for such investments include infrastructure, real estate and large private sector projects, Gandhi added.

According Muneesh Chawla, managing director of Blue River Capital Advisors (India) Ltd, a Mumbai-based private equity (PE) firm, SWFs and pension funds today are looking to increase their allocation to India through direct investments.

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