**Emirates NBD Capital Set to Appoint Alok Malpani as India CEO**
**Meta Description:** Emirates NBD Capital is poised to name Alok Malpani as its first CEO in India, marking a significant step in its expansion strategy.
**URL Slug:** emirates-nbd-capital-alok-malpani-india-ceo
**Emirates NBD Capital Set to Appoint Alok Malpani as India CEO**
Emirates NBD Capital India Pvt. Ltd, the newly established investment banking division of the Dubai-based financial services giant, is expected to appoint Alok Malpani, managing director of DAM Capital Advisors Ltd, as its inaugural CEO in India. Sources familiar with the matter indicate that an official announcement could be made as soon as this week.
This development aligns with Emirates NBD’s ongoing efforts to strengthen its presence in India, which includes a substantial $3 billion investment aimed at acquiring a majority stake in RBL Bank. The bank initiated its operations in India in 2017 and applied for an investment banking license in late 2025, subsequently beginning to recruit key personnel in the sector.
Alok Malpani brings nearly 30 years of extensive banking experience to the role. He has a notable history with BNP Paribas, where he spent nearly a decade in both Paris and Mumbai, advising on significant transactions, including the $30 billion merger between Arcelor and Mittal Steel. Following his tenure at BNP Paribas, Malpani briefly led structured finance at Axis Capital before joining DAM Capital Advisors Ltd in 2019, previously known as IDFC Securities Ltd. At DAM, he played a pivotal role in high-profile transactions, such as the public listings of JSW Cement and JSW Infra, as well as the sale of a promoter stake in Sterling & Wilson Renewable Energy Ltd to Reliance New Energy Solar.
In his new position at Emirates NBD Capital, Malpani will oversee a team of approximately 50 professionals. The establishment of the India office comes at a time when deal-making activity in the country is experiencing a resurgence, despite challenges posed by rising volatility due to US sanctions. Recent reports indicate that investment banks in India generated a record $1.5 billion in fees in 2025, with a significant portion derived from equity deals.
As Emirates NBD Capital prepares to make its mark in the Indian investment banking landscape, the appointment of a seasoned leader like Alok Malpani is expected to enhance its strategic initiatives and drive growth in this dynamic market.
**FAQ**
**Who is Alok Malpani?**
Alok Malpani is a seasoned banking professional with nearly 30 years of experience, previously serving as managing director at DAM Capital Advisors Ltd and holding significant roles at BNP Paribas and Axis Capital.