Sutha Kandiah will become the head of global equity capital markets of Religare Capital Markets.

He would start work from June 2010, after his earlier obligations are over.

Kandiah is currently working as the joint head of equity capital market for Asia in UBS. He worked there for 10 years.

The news of Kandiah's appointment was revealed by Religare in an official statement. It was also told that Kandiah will be working from Singapore and will have to build a player which is both regional as well as international in its approach.

His experience as one of the key investment banker in Asia will be advantageous for the company.

But he is not the first one to have joined the Malvinder Singh-owned financial company.

Rob Flynn, who was working as the head of Asian equity trading division of UBS, has also joined the bandwagon.

Flynn will be heading the Asia investment banking division of Religare.

Religare is the subsidiary of Religare Eneterprises, which plans to build an emerging market investment bank.

It already has its operations in Asia, Europe, America and South-East Asia.