Chandresh Nigam joins PruICICI as senior fund manager (equity)
By Our Markets Bureau | 24 Jun 2003
Mumbai:
Chandresh Nigam will join Prudential ICICI Asset Management
Company (PIAMC) in July 2003 as senior fund manager (equity),
reporting to Dileep Madgavkar, chief investment officer.
Nigam is a mechanical engineer form IIT-Delhi and is an
alumnus of the IIM-Calcutta Class of 1991.
He began his career with SBI Caps, and since 1993 has been associated with Zurich Asset Management Company. In his 10 years with Zurich he handled various funds; his last assignment was managing Zurich''s three flagship equity funds with an aggregate corpus of Rs 3.3 billion (Zurich India Equity Fund, Zurich India Capital Builder and Zurich India Tax Saver).
PIAMC is investment manager to the largest private sector mutual fund in India, the Prudential ICICI Mutual Fund. PIAMC enjoys the strong parentage of the ICICI group, a well-known and trusted name in financial services in India and the Prudential group of UK, one Britain''s largest players in the insurance and fund management business.
PIAMC has over Rs 11,600 crore in assets under management (AUM) as of 31 May 2003. PIAMC has over 30 centres all over the country to service investors and enjoys the trust of nearly 6 lakh investors. Its diverse product portfolio comprises of debt, equity and balanced funds.