The Carlyle Group which is a global investment firm has announced the appointment of former Chief Executive Officer of HDFC Bank, Aditya Puri as its Senior Advisor in Asia.
Mr Puri will advise the Carlyle team on investment opportunities across Asia and will also provide guidance on the changing market landscape and new opportunities for investment. He will provide his advice to Carlyle’s investment professionals and portfolio management teams on building differentiated high quality businesses.
Founded in 1994, HDFC Bank appointed Mr. Puri as its first CEO where he served for a period of 26 years. Prior to HDFC Bank, he was the CEO of Citibank’s operations in Malaysia from 1992-1994. He has won several awards during his tenure and was also ranked 24th most powerful person of 2017 by India Today.
Mr. Puri said – “Carlyle is known for its ability to transform businesses, working closely in partnership with management teams and other key stakeholders to drive sustainable long-term growth. I am very impressed with Carlyle’s track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia. Whether this is with founder-led businesses or large conglomerates, Carlyle’s focus on building better businesses is something I have a great affinity for. It will therefore be a pleasure to act as senior advisor to the Carlyle team in support of their investing activities across Asia.”
X.D. Yang, Managing Director and Chairman of Carlyle Asia said on the appointment -“Mr. Puri has been repeatedly accredited as one of the world’s leading global CEOs. We are excited to have him join Carlyle as a senior advisor in Asia, and look forward to leveraging his deep expertise and relationships to source new investment opportunities and to help our portfolio companies build better businesses.”
US-based private equity firm – Carlyle provides expertise to deploy private capital across four business segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. It employs over 1,800 people in 30 offices across six continents with assets under management worth $230 billion as of September 30, 2020.
-AK
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