to pursue career outside India;
Nityanand Prabhu will be acting CEO
ING Investment Management Asia Pacific
today announced that it has appointed Nityanand Prabhu as Acting CEO of ING Mutual
Fund following the resignation of its CEO Navin Suri.
Navin Suri has decided to continue his
career outside India due to family commitments, the release said.
“I am proud of this business, and how
much it has accomplished over the past several years. I believe that the
business is strongly positioned to continue this positive momentum, especially
by being home to a leading quantitative investment team, a well-recognized
fundamental team, and a comprehensive multi-manager team that manages one of
India’s largest debt fund-of-funds,” said Navin Suri.
Prabhu has been with ING IM India for
five years, most recently as Chief Operating Officer where he was responsible
for operations, technology and administration. He has over 20 years of
cross-functional experience in the Indian asset management industry.
Prior to joining ING IM India, Prabhu
was with ABN Amro AMC, heading operations and technology functions. He
also has worked with Tata, Sun F&C and Canara Robeco AMC.