There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Sources in India are not surprised at the development. Razdan was handpicked by Srinivasan in 1998 to join ICICI Prudential. Razdan and SrinivasanÆs paths crossed when Razdan was a distributor at Karvy Securities and Srinivasan was at ITC Threadneedle (where he worked before joining ICICI Prudential).
Srinivasan brought Razdan on board at ICICI Prudential as the head of sales and distribution for the western region. Razdan grew to become deputy CEO in 2003 and then in January 2004 was promoted to the role of managing director. Srinivasan, who had by then moved to Hong Kong as managing director of funds for Prudential Asia, commented at the time that Razdan was the ônatural choice to take the business to its next stage of developmentö.
Meanwhile, ICICI Prudential has announced that Nilesh Shah who is currently chief investment officer will be promoted to deputy managing director and continue in his role as CIO.
Shah joined ICICI Prudential as CIO in June 2004 having joined the ICICI group as far back as 1992. He left ICICI Securities for a stint with Franklin Templeton before returning to the firm as CIO.
Speculation is that Razdan will be joining Srinivasan at the leading Indian conglomerate, the Birlas Group, where he has been hired as CEO of financial services and director of corporate strategy and development. Srinivasan, who took up his new responsibility on July 16, has a mandate to kick-start the groupÆs presence in financial services and will also advise Birla group companies on financial strategy including M&A.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.