Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , as head of investment banking for India, the Swiss investment bank said on Friday.

Bhandarkar, who has been head of investment banking for India at JPMorgan, will be vice chairman and India head for investment banking as well as head of the global markets solutions group for India at Credit Suisse.

She will be joined at Credit Suisse by JPMorgan's Sandeep Pangal, who will be a managing director in investment banking coverage.

We are delighted that Vedika and Sandeep are joining Credit Suisse to accelerate the growth of our franchise, Vikram Malhotra, co-head of the investment banking department, Asia Pacific at Credit Suisse, said in an email.

India is central to our strategy and we are confident that Vedika and Sandeep can build on our momentum to take the business to the next level, he said.

Bhandarkar could not immediately be reached for comment.

(Reporting Tony Munroe; Editing by Ranjit Gangadharan)

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