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In a strategic move to strengthen its advisory business in Mumbai, Barclays Plc has recruited Sameer Sood as managing director and Srikanth Chakka for industrials. Both Sood and Chakka come from Credit Suisse, where Sood has served since 2010 and Chakka joined two years ago. This recruitment comes as part of Barclays’ plan to increase investment banking personnel in India.
The hiring of Sood and Chakka aligns with the bank’s strategy following the recent exit of Ashish Jhaveri. Despite shedding around 300 global positions, Barclays is reinforcing its presence in India, a market where they’ve previously advised on high-profile deals such as Gautam Adani’s acquisition and JSW Energy’s buyouts.
This decision underscores Barclays’ commitment to its Indian operations and its optimism about the potential of the Indian market. The bank’s previous involvement in significant deals in the region indicates its ongoing intention to play a key role in India’s fast-growing economy.
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