Standard Chartered Strengthens Masala Market Team with New Hires
Posted: Tue Sep 20, 2016 2:55 pm
Standard Chartered has firmed up the management structure of its global capital markets team as the bank expanded the responsibilities of Kaustubh Kulkarni, Mumbai-based managing director of debt capital markets for South Asia, to include the Indian rupee bond syndicate.
As the bank seeks fresh opportunities in local currency bonds, the new hiring aims at developing the Masala bond market, or rupee-denominated offshore debt which emerged as a new funding channel for Indian business, since its first corporate issuance of such instruments in July.
Offshore bond issuances by Indian companies and banks remained tepid in 2016, with the quantum falling more than ... (read more)