Exclusive: Emirates Capital Dubai to appoint veteran banker Alok Malpani as CEO of Indian arm

Emirates Capital Dubai is looking at expanding its team in India after recently acquiring a majority stake in RBL Bank Ltd.

The UAE-based lender is set to appoint veteran banker Alok Malpani as the India CEO of Emirates Capital India, people in the know told CNBC-TV18.

Emirates Capital India is a 100% subsidiary of Emirates Capital Dubai. The Indian arm will focus on equity capital markets (ECM), debt capital markets (DCM), leveraged capital markets (LCM), mergers and acquisitions (M&A),

structural credit and institutional equities, sources said.

When contacted, Emirates NBD said that as a matter of company policy it declined

to comment on the same.

About Alok Malpani

Alok Malpani is a veteran deal maker with more than three decades of experience. He has led over 150 transactions — having worked across India, Europe, the Middle East — worth $100 billion, spanning IPOs, QIPs, M&A, LBOs and structural financing.

Malpani has led several global marquee M&A deals, including the $30 billion ArcerlorMittal transaction, the $2.5 billion divestment of Videocon Oil and Gas' Mozambique gas block to ONGC Videsh, and multiple high-profile mandates for the Shapoorji Pallonji Group, including the $400 million divestment of Sterling & Wilson to Reliance New Energy.

Malpani's transaction experience also includes Nirma's $900 million acquisition of Glenmark Life Sciences, alongside several landmark IPO transactions, such as Afcons Infrastructure ($1 billion) — the largest IPO by an EPC company in India -- and key listings for the JSW Group, including JSW Infra ($350 million) and JSW Cement ($300 million).

He has structured and executed complex cross-border and structural finance debt transactions for leading Indian conglomerates, including the Aditya Birla Group, Torrent Group, Zydus, Adani Group and Hinduja Group, etc.