IPO boom prompts ICICI Bank to hire more investment bankers

ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in 4 years, as it anticipates a rise in companies going public. According to Ajay Saraf, Head, Investment Banking and Institutional Equities, ICICI Securities Ltd., the lender plans to add 5 mid-to-senior level hires in each of the 2 units, which currently have 130 bankers in total. The new roles will be concentrated in sectors such as technology and health care.
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