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Prev Rank: 10

Kaku Nakhate, 51

President and country head, India, Bank of America Merrill Lynch

Previous Rank : 10

Under Nakhate, India became the most profitable market in the Asia-Pacific region for Bank of America Merrill Lynch in 2017. The bank’s 14-member global advisory council met in Mumbai last year, the first time in India, underlining the country’s strategic importance. Moreover, FY18 saw the firm strike some marquee deals, including Schneider Electric’s $2 billion acquisition of Larsen & Toubro’s electrical and automation business—the biggest acquisition in the industrial sector by a foreign entity—and Idea Cellular’s $1 billion stake sale in Indus Towers to the merged entity of Infratel and Indus.