Macquarie Capital Names Suresh Ganapathy MD India Research

⚡ Key Financial Takeaways

Suresh Ganapathy will take over as Managing Director and Head of India Research from September 2026, succeeding Aditya Suresh.

Ganapathy, a 16‑year Macquarie veteran, has led the firm’s financial services and macro research and will continue covering financials and macro while steering India research.

Under Suresh, Macquarie’s India equity research team ranked in the top three of Institutional Investor surveys in 2022 and 2024.

Leadership Change at Macquarie Capital Macquarie Capital has announced that Suresh Ganapathy will become Managing Director and Head of India Research, effective September 2026. Ganapathy, who has spent 16 years with the firm, most recently led the financial services and macro research units.

Implications for India Equity Research With Ganapathy at the helm, the firm signals continuity in its coverage priorities, as he plans to keep focusing on financials and macro while overseeing the entire India research franchise. The transition comes after Aditya Suresh, who served as Head of India Equity Research for seven years, moves to a regional role as Head of Asia Micro Strategy based in Hong Kong.

Broader Group Leadership Updates Macquarie’s group leadership is also in flux: Greg Ward is slated to become chief executive in November, succeeding Shemara Wikramanayake, while a refreshed banking leadership team under Ben Perham is being assembled. These changes underscore the firm’s strategic focus on strengthening its research and banking capabilities across the globe.