Prabhat Awasthi has joined Nomura as head of its India equities business, Reuters reports. In the new role, he will work under John Adair and Paul Dolan, joint heads of Asia Pacific equities at Nomura. Awasthi will supersede Pankaj Vaish, who left the Japanese bank in July 2010 to join Citigroup as South Asia markets head. Awasthi, who headed equity research at Nomura in India since October 2008, joined the bank from Lehman Brothers.

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