Nilesh Shah quits ICICI Prudential AMC

Nilesh Shah, deputy managing director of ICICI Prudential Asset Management Company (AMC), has quit. Shah was heading the investment function for all businesses. An ICICI Bank spokesperson said that he would continue for a while to ensure smooth transition, but could not give a specific date of his departure. Refusing to divulge further plans, Shah said, “It was my personal choice to quit.”