Irani will be based in Mumbai and will build a new team to cover the sector. He joins SG from JPMorgan Chase India where he worked for eight years as regional petrochemical head of research for Asia ex-Japan. His team at JPMorgan was recently ranked number three in the region in Institutional Investor's 2000 analyst's survey.

"The petrochemicals, oil and gas industry is becoming increasingly important in the region, partilcularly in India, China, Indonesia and the South China Sea," notes Dr. Foo Fatt Kah, SG's group head of corporate research in Singapore, explaining the thinking behind the new appointment.