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Emirates NBD Taps DAM Capital MD for India CEO Role
14 Jan
Summary
- Emirates NBD Capital India Pvt. Ltd is poised to appoint Alok Malpani as its first CEO.
- Malpani previously served as MD at DAM Capital Advisors Ltd, advising on major deals.
- This move aligns with Emirates NBD's $3 billion RBL Bank investment and India expansion.
Emirates NBD Capital India Pvt. Ltd, the new investment banking division of Emirates NBD, is reportedly appointing Alok Malpani as its first CEO in India. Malpani, who previously led DAM Capital Advisors Ltd, is expected to officially join the firm soon, marking a significant step in the bank's expansion.
The appointment coincides with Emirates NBD's substantial $3 billion investment aimed at acquiring a majority stake in RBL Bank. This strategic move signals the Dubai-based financial services group's increasing commitment to the Indian market, which has seen a resurgence in deal-making activity. Emirates NBD established its India operations in 2017 and sought an investment banking license in late 2025.
Malpani brings considerable experience, having advised on prominent transactions such as the public listings of JSW Cement and JSW Infra. His leadership will be crucial as Emirates NBD Capital aims to build a team of approximately 50 professionals, capitalizing on India's robust financial landscape despite global volatility. Investment banks have recently earned a record $1.5 billion in fees within India.
