Lawstreet Journal

Former HDFC Bank MD Aditya Puri Joins Global Investment Firm Carlyle

Lawstreet Journal 3 Nov 2020 11:04pm

Image courtesy: Lawstreet Journal Business Former HDFC Bank MD Aditya Puri Joins Global Investment Firm Carlyle

After completing 26 years journey as HDFC Bank’s chief executive, Aditya Puri will now don the hat of a senior advisor at global investment firm Carlyle. Puri will advise the Carlyle team on investment opportunities across Asia.

His role will be to help Carlyle identify evolving market landscape and new opportunities. He will also be a mentor Carlyle's investment professionals in Asia.

Carlyle’s major investments in Asia include stakes in SBI Cards and Piramal Pharma and Mcdonald's China

Aditya Puri was appointed as the first CEO of HDFC Bank when it was established in 1994. 

He retired from the office as MD & CEO last month.

Aditya Puri grew HDFC Bank into the largest private sector bank in India with over $210 billion of assets as of October 2020.

Carlyle in a statement issued on Monday (November 2, 2020) said that Aditya Puri will provide guidance on the evolving market landscape and new investment opportunities while also advising Carlyle's investment professionals and portfolio management teams on building differentiated high-quality businesses.

Carlyle envisions private capital across four business segments includes corporate private equity, real assets, global credit, and investment solutions. 

Aditya Puri also issued a statement on the same and 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." 

Carlyle Asia Chairman and MD XD Yang said he was looking forward to leveraging Aditya Puri’s… Continue Reading...

Tagged: HDFC Bank  
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