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Nomura Holdings names new head for India

Nomura Holdings Inc. appointed Prabhat Awasthi as the new head of India.

Awasthi will replace Vikas Sharma, who will be elevated to head of Asia ex-Japan.

The changes will take effect April 1.

Awasthi, current head of equities of India, will be based in Mumbai and will look after Nomura's India franchise spanning fixed income, equities and investment banking.