BofA Is Hiring Avendus Banker Gupta to Rebuild India Franchise

Bank of America Corp. is hiring Anshul Gupta from Avendus Capital Pvt. to lead its investment banking unit in India, according to people familiar with the matter, as the US lender seeks to rebuild its dealmaking franchise in one of the world’s fastest-growing major economies.

Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations, the people said, asking not to be identified discussing private information.

He spent three years at Avendus and previously worked at Citigroup Inc., according to his LinkedIn profile. Gupta is regarded as one of Avendus’s ...