# Nomura’s India head of investment banking steps down -sources
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-06-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Nomura's India Head of Investment Banking Steps Down -
Meta Description: Get the latest update on Nomura Holdings' India Head of Investment Banking stepping down and key changes in the team. Stay informed with Reuters.
URL: https://financedigest.com/nomuras-india-head-of-investment-banking-steps-down-sourceshtml

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# Nomura’s India head of investment banking steps down -sources

NEW DELHI/HONG KONG (Reuters) -Nomura Holdings’ India Head of Investment Banking Utpal Oza has stepped down from the firm, sources with direct knowledge of the matter told Reuters.

Oza has left for career retirement, said one of the sources.

Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the sources said.

The company declined to comment on Friday, and Oza did not immediately respond to a request for comment.

In the last few years, Oza has, among other deals, helped Nomura sell ASK Group to Blackstone and [diagnostics](https://www.financedigest.com/diagnostics-firm-bio-rad-in-talks-to-merge-with-qiagen-wsj.html "Diagnostics firm Bio-Rad in talks to merge with Qiagen – WSJ") firm Thyrocare to healthcare firm PharmEasy.

Oza does not plan to join a rival firm and will oversee the transition at Nomura over the [next few months](https://www.financedigest.com/more-than-half-52-of-cisos-are-prioritising-gdpr-compliance-over-the-next-12-months-new-data-from-the-2017-financial-services-information-security-network-shows.html "More than half (52%) of CISOs are prioritising GDPR compliance over the next 12 months, new data from the 2017 Financial Services Information Security Network shows"), the sources said.

This is the second top level rejig at Nomura India this year, after it hired a new head of Equity [Capital Markets](https://www.financedigest.com/merger-arbitrage-capitalizing-on-market-opportunities-in-ma-transactions.html "Merger Arbitrage: Capitalizing on Market Opportunities in M&A Transactions") in January.

(Reporting by M. Sriram in New Delhi and Selena Li in [Hong Kong; Writing by Sakshi Dayal; Editing by David Evans and Tom Hogue)](https://www.financedigest.com/hsbc-stanchart-face-pressure-from-hong-kong-to-take-on-crypto-clients-ft.html "HSBC, StanChart face pressure from Hong Kong to take on crypto clients – FT")


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