UPDATE: 5/21/2013, 9:50 a.m. EDT. Information on the lawyers advising Morgan Stanley on the sale of its Indian wealth management unit to Standard Chartered has been added to the final paragraphs of this story.
Seven months after stepping down as head of global banking giant Citigroup, Vikram Pandit is making his return to the financial services industry by taking a 3 percent stake in Indian financial services firm JM Financial Group.
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