Jamuar will be based in the company’s London office where he will drive the firm’s delivery of financial solutions to financial advisers and investment banking services, collaborating closely with SBI Capital Markets’ (SBICAP) global offices. He will also help build the business in the UK.
Previously Jamuar held senior roles with Lloyds Banking Group in the UK, including managing director and global head of sales.
“Sumit has an excellent track-record of building and transforming businesses, both in banking and corporates, in the UK and emerging markets,” said the chief executive of SBICAP, PK Gupta, adding that Jamuar is joining during an “important juncture” for the company.
“We will benefit from his deep networks and his appointment will allow us to accelerate the build-out of our European presence as the adviser of choice for clients with India-linked businesses.”
SBI Capital Markets has engaged with several high profile government and corporate mandates, and said it has played a “critical role” in the Indian growth story.