News makers:
08 May 2000
The latest to be so honoured is, Mr. Ajay Srinivasan, managing director of Prudential ICICI Asset Management Company. He has just been promoted to regional director mutual funds for the Asian region, thus becoming the first Indian to get promoted to that post in the Prudential system.
Mr. Srinivasan, who has been an executive committee member for Prudential in the region for the last six months, is widely credited as the key person behind the turnaround in the AMCs fortunes in India. Under his tenure in India, the domestic under management by the fund rost from Rs 160 crore in June 1998, when he took over, to become Rs 3,945 crore.
Mr. Mark Tucker, Prudential Corporation Asia chief executive, is of the opinion that the model Mr. Srinivasan has implemented in India is an excellent one to replicate around the region.
Mr. Srinivasan joins a growing list of Indians from the mutual fund industry who have been promoted to higher positions in the parent organisations. They include Mr. Samir Arora, formerly chief investment officer—India at Alliance, who is now head of Asian emerging markets based in Singapore at Alliance Capital, Mr. Vijay Advani, former country manager India for Templeton Asset Management, now one of its five managing directors world-wide and the only Indian managing director, Mr. Sunny Oberoi, previously managing director India at Capital International Group, now looking at business development for Asia and Mr. S Naganath, former chief investment officer of DSP Merrill Lynch Asset Management, now head of Asian equities at Credit Suisse Asset Management-USA.
10 May 2000
9 May 2000
8 May 2000
