Former HDFC Bank CEO Aditya Puri to join private equity firm Carlyle as senior advisor – Business News , Firstpost

Puri is broadly credited for constructing HDFC Bank from scratch and making it the most important within the private sector house

File picture of Aditya Puri. News18

Mumbai: Aditya Puri will likely be guiding international Carlyle on funding alternatives throughout Asia as a senior advisor, the worldwide private equity main stated on Monday.

The announcement has come inside every week of Puri’s retirement from HDFC Bank as the chief government and managing director.

Puri is broadly credited for constructing HDFC Bank from scratch and making it the most important within the private sector house and essentially the most worthwhile one.

Puri will advise the Carlyle group on funding alternatives throughout Asia and supply steerage on the evolving market panorama and new funding alternatives, Carlyle stated in an announcement.

He may even be advising Carlyle’s funding professionals and portfolio administration groups on constructing differentiated prime quality companies, it stated.

Carlyle’s monetary sector lead for Asia and managing director Sunil Kaul stated he has identified Puri since his Citibank days.

“To have someone of his stature join Carlyle as a senior advisor will add significant value to our capabilities across the region, not only in financial services, but across sectors given Puri’s unparalleled experience in the business world,” Kaul stated.

Carlyle’s investments in India embrace SBI Cards. It had lately introduced investments in Ajay Piramal’s pharmaceutical enterprise and in addition a stake in Bharti Airtel’s knowledge centre arm.

“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,” Puri was quoted as saying within the assertion.

Carlyle Asia’s Managing Director and Chairman X D Yang stated the PE main will likely be leveraging Puri’s “deep expertise and relationships” to supply new funding alternatives and to assist the its portfolio corporations construct higher companies.

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