merrills-head-of-ecm-in-india-quits

Merrill's head of ECM in India quits

Sumeet Puri resigns after only five months in his new role, but is asked by the bank to stay on until mid-July.

By Anette Jönsson

June 18, 2007

Sumeet Puri, who was named head of ECM and head of structured origination for India at DSP Merrill Lynch at the end of January this year, has resigned from the bank.

Puri has been with Merrill for 13 years and before his transfer to Mumbai this year he was head of Asia execution and syndication based in Hong Kong. In India, Puri reported to Patricia McLaughlin, vice chairman of India investment banking, who herself transferred to India as recently as August last year.

Despite being an Indian native and having worked four years with DSP Merrill before he moved to Hong Kong in 1999, it appears the transition back to India wasnÆt that smooth...

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