15 October 2019

Newsbreakers

WEALTH WIZARD

Ratings agency CRISIL, a subsidiary of Standard & Poor’s, has named L&T Investment Management Chief Executive Ashu Suyash as its Managing Director (MD) and Chief Executive Officer (CEO). Suyash had 26 years of experience in the Indian financial services sector. She had moved to L&T following the acquisition of Fidelity Worldwide Investment’s India asset management business by L&T Investment Management Ltd. At L&T Investment Management, she was also responsible for L&T Capital Markets Ltd, the wealth management arm of L&T Financial Services with about `6,500 crore of assets under management. Under her leadership, the L&T Investment Management business has doubled in the past two years with assets under management growing to over `22,000 crore. Prior to that she was MD and country head (India) of Fidelity’s asset management business, which she helped set up in 2004. Before joining Fidelity, she worked with Citigroup India. During her stint at Citigroup, she held several senior positions across operations, investment banking, strategy and business development, finance, brokerage business, sales and marketing, and general management.

 

 

BANKING BARRON

To be featured in American financial magazine Barron’s list of 30 best CEOs from around the world is nothing to be sniffed at. But many  won't see HDFC Bank’s Managing Director, Aditya Puri name there as a natural concomitant of his desire to scale great heights. Puri has been the Managing Director of India’s largest private sector bank since September 1994 and has  nearly 40 years of experience in the banking sector in India and abroad. Prior to joining the Bank, he was the Chief Executive Officer of Citibank, Malaysia from 1992 to 1994. Under his leadership HDFC Bank – he is the longest-serving chief executive in India’s private banking sector -- has made good and consistent progress on key parameters like balance sheet size, total deposits, net revenues, earnings per share and net profit during his tenure. HDFC achieved the ranking amongst all Indian banks with regard to market capitalisation, profit after tax and balance sheet size remain amongst the top 10. Puri can be said to have built a banking success story, from the ground up, which has changed the established facts of banking in India. During his tenure he has led the Bank through two major mergers  i.e  of Times Bank Ltd and Centurion Bank of Punjab Limited with HDFC Bank Limited and led to their smooth and seamless integration subsequently.  Puri holds a Bachelor's degree in Commerce from Punjab University and is an associate member of the Institute of Chartered Accountants of India.




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