Three Senior Bankers at Raine in India Are Said to Depart (1)

Three senior bankers at Raine Group in India, including the country head, are set to leave the boutique adviser to set up a new investment banking firm, according to people familiar with the matter.

Gaurav Mehta, a partner and head of Raine in India, and managing directors Naveen Asopa and Girish Punjabi are departing the firm, the people said, asking not to be identified because the information is private.

Prior to joining Raine in 2017, Mehta led India investment banking at UBS Group AG. He also worked at Morgan Stanley and HSBC Holdings Plc, according to his ...