Deutsche Bank MD Ravi Shankar has resigned to join JPMorgan India’s Investment Banking Team. He is currently on leave and will join JPMorgan by mid- August. As per media reports, only two people are aware of this development.
Shankar joined Deutsche in May 2015 and spent two years there as MD, strengthening the capital market business. At Deutsche, he was involved in deals like ICICI Prudential Life initial public offering and the Federal Bank Ltd qualified institutional placement. Shankar has over 16 years of work experience and will join JPMorgan in mid-August. He will report to Kaustubh Kulkarni, head of India investment banking. Prior to Deutsche, he was working Avista Houlihan Lokey and was involved with deals such as foreign currency convertible bond (FCCB) restructuring of Jaiprakash Power Ventures Ltd and Suzlon Energy Ltd. Shankar has also worked with organizations like UBS Investment Bank and DSP Merrill Lynch which is now Bank of America Merrill Lynch.
Shankar has supported large Indian and global firms on their global expansion plans, some of which have resulted in landmark transactions. He has completed his Mechanical Engineering from Indian Institute of Kanpur and went further to study MBA in Finance and Strategy from IIM, Calcutta.