Bilkul Bazaar
Natixis Corporate & Investment Banking, (Natixis CIB) today announced that it has opened a branch in Gujarat International Finance Tec-City (GIFT City)
This marks a significant milestone in the firm’s long-term strategy to strengthen its presence in India and the wider Asia Pacific region. The GIFT City branch will enable Natixis CIB to drive growth, broaden international diversification, and enhance client servicing capabilities in India.
The branch will be led by Pranav Vyas, Head of Natixis IFSC Banking Unit, GIFT IFSC. With over 23 years of banking experience, Pranav was previously Head IBU at JPMorgan Chase GIFT City Branch and brings with him a wealth of expertise in building a successful entity in GIFT City. He has a deep knowledge of the India market and extensive experience expanding a business franchise in India. He reports to Sanjeev Kumar, Senior Country Manager, Singapore, and Head of South East and South Asia Natixis CIB and will lead the IBU team in GIFT City, providing strategic direction, ensuring operational efficiency and driving business growth in the region.
Bruno Le Saint, CEO, Asia Pacific, Natixis CIB, said: “Establishing our new branch in GIFT City is an important step in delivering our Asia Pacific expansion strategy and deepening our regional presence. It reinforces our long-standing commitment to India’s financial sector, which is a strategic growth market for us, and strengthens our ability to better serve clients across the Asia Pacific region.”
Sanjeev Kumar, Senior Country Manager, Singapore, and Head of South East and South Asia Natixis CIB, added: “We are proud to open our branch in GIFT City, further expanding our footprint in India, one of the fastest-growing economies in the world. The new branch, situated in India’s core financial hub, will enable us to better serve our onshore and offshore clients while contributing to India’s economic growth through our global network and product expertise. We are pleased to welcome Pranav Vyas as Head of IBU, GIFT City, who, as an experienced and strategic leader, will further strengthen the development of our branch.”
The GIFT City branch will focus on offering high-value, niche financing solutions which will support Indian clients with global ambitions, whilst also connecting international clients with India’s vibrant and growing financial markets.
In line with operational needs and regulatory frameworks, Natixis CIB plans to scale the branch in tandem with business growth. The branch will receive operational and infrastructural support from existing entities across the region, including Natixis Global Services (India) Pvt Ltd, the firm’s established technology and operations hub.