Vinay Paharia joins PGIM India Mutual Fund as the new CIO

Anirudh Naha, Head of Equity, PGIM India MF, will lead its new Alternative Investment Fund (AIF) business as CIO-Alternative.

“Our decision to invest in new businesses in India is in line with our growth strategy for the region, as we look to capitalize on wealth creation as well as the growing opportunities in both the domestic high-net-worth and retail markets driven by offshore investments in India. PGIM India has achieved remarkable growth over the past few years. The wealth of experience and track record of our local leadership and investment talent gives us great confidence in our next phase of growth,” David Chang, Vice Chairman – Asia, PGIM Investments said.

PGIM, the global investment management business of Prudential Financial Inc., has committed additional long-term capital to a subsidiary of PGIM India for new businesses.

As its CIO, Paharia will oversee the equity and fixed income businesses. Puneet Pal, who heads fixed income, will report to Pahadia.

“We are delighted with the launch of International and AIF businesses as it complements our offering to Indian investors as well as international investors who are actively considering India as a portfolio choice. I am humbled by the continued commitment of the company, which is a testimony to our differentiated strategy for us, and the confidence shown by the growing number of investors, both retail and institutional, in us. I am very excited that our vast leadership talent is helping new businesses. and that we are finding an excellent new talent in Vinay to lead our mutual fund businesses. Together we look forward to bringing the most optimal products and services to our clients,” said Ajit Menon, CEO, PGIM India MF. are committed to.

“I am delighted with the wonderful support from our mutual fund customers, which has encouraged us to launch the broad-focused PGIM India 2.0 with an able investment team. We are excited about the opportunities to leverage PGIM’s global capabilities, including their leadership in the real estate sector, to create greater relevance for our clients and partners.”