Religare Capital Markets, the fast-growing Indian investment bank, has appointed a former JP Morgan and Morgan Stanley global strategist to underpin its equities research product, as emerging market specialists remain in demand despite a slowdown in hiring activity for equity analysts.

Jason Todd has joined Religare as global head of equity strategy, according to a statement from the bank. He was most recently at Morgan Stanley, where he was a global equity strategist based in New York. His departure from the US bank was reported by Bloomberg in September. He previously worked at JP Morgan, where he looked after the bank's US and global strategy teams.