Alliance Finalising New Cio, Two Analysts

Alliance Capital Asset Management (India) Pvt Ltd. (ACAM) is in the process of recruiting a chief investment officer based in India and two analysts in their endeavour to focus on India.

The company has already recruited Rajnish Narula as chief executive officer of its AMC in India.

The move follows the exit of Sameer Arora, head - Asian Emerging Markets, Alliance Capital. Arora was based in Singapore.

Ajay Kaul, senior vice president and head of retail sales for Asia, Alliance, said Dinshaw Irani, research analyst, and Deepak Mungla, head of sales, have also resigned and would be joining SabreCapital. He, however, denied rumours that anybody else has quit the company.

 

On reports that the company would suffer after Arora quit, Edward Baker, senior vice-president, Alliance Capital, said,