Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

UBS India Senior Investment Banker Shankar Leaves Firm

Updated on

(Corrects Shankar’s title in headline and first paragraph.)

Sept. 18 (Bloomberg) -- Ravi Shankar, a managing director at UBS AG’s investment banking unit in India, left Switzerland’s biggest bank.

Shankar, 35, departed yesterday, said Mark Panday, a spokesman for UBS in Hong Kong, in a phone interview today. The Mint newspaper reported earlier today that Shankar, who has been with UBS since 2004, had quit.

UBS will close its lending business in India to conserve capital, a person familiar with the matter said on June 21. The number of employees at UBS’s investment-banking unit in India has dropped by more than half in the past two years to 10 people, a person with knowledge of the matter said today, asking not to be identified because the details are confidential.

“India remains a core investment banking market for UBS in Asia Pacific,” Panday said, declining to comment on the headcount drop.

To contact the reporter on this story: George Smith Alexander in Mumbai at

To contact the editor responsible for this story: Philip Lagerkranser at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.