Japanese investment bank Daiwa Capital has hired Rajiv Vaid as COO, Economic Times reports. He will be responsible for the day-to-day operations of the broking firm.

In his new role, Vaid will be based in India and be part of the management along with Daiwa Capital Markets India president and CEO, Hiroaki Kato. Vaid is joining Daiwa Capital from Citigroup Global Services, were he held the same position.

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