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PGIM India Mutual Fund has appointed Vinay Paharia as the new CIO of the fund house. Under the new role, Vinay will oversee both divisions – equity and fixed income.
Vinay has close to two decades of experience in equity research and fund management. In his previous assignment, Vinay served as the CIO for Union Mutual Fund.
Further, the fund house has promoted its existing CIO Srinivas Rao Ravuri to set up and lead PGIM India’s new international business. Srinivas and his team will seek to leverage PGIM relationships in the region and around the world.
Also, senior fund manager and head of equities, Aniruddha Naha will lead the new AIF business as CIO Alternates.
Both the new businesses – international and AIF will start from April 1, 2023, subject to regulatory approval.
In a press release, Ajit Menon, CEO, PGIM India Mutual Fund said, “I feel humbled by the continued commitment of our parent PGIM, which for us is a vindication of our differentiated strategy and the confidence showed in us by an increasing number of investors, both retail and institutional. I am quite excited that our immense leadership talent will lead the new businesses and that we are getting an outstanding new talent in Vinay to lead our mutual fund businesses. Together we remain committed to bring the most optimal products and services to our clients.”
Srinivas Rao Ravuri, CIO, PGIM India Mutual Fund added, “We are excited about the opportunities to leverage PGIM’s global capabilities, including their leadership in the real estate space, at an appropriate time to build further relevance for our customers and partners.
