Religare Enterprises has hired the former head of equities at Dresdner Kleinwort to run its fledgling investment banking business and oversee an ambitious five-year plan to become a leading player in emerging markets beyond its native India.

Martin Newson was named in a statement today as the new chief executive of global investment banking at Religare Capital Markets, the investment banking and broking arm of Mumbai-based conglomerate Religare Enterprises.