Pramerica Asset Managers Private Limited, the Indian asset management venture of U.S.-based Prudential Financial, Inc. (PFI), today announced that Ravi Gopalakrishnan has been appointed as Head of Equities.
As the Head of Equities, Ravi will report to Vijai Mantri, managing director and CEO of Pramerica Asset Managers Pvt. Ltd. In this role, he will be responsible for managing the equity portfolios and the equity research function.
Ravi brings to this position more than 19 years of experience in the Indian asset management industry and has participated in its evolution and explosive growth over the last few years. Prior to this position, Ravi worked with UTI Investment Advisory Services, UBS, Sun F&C, Tata AMC, Principal PNB AMC and Hudson Fairfax Group, a U.S. based Hedge Fund Company. In June 2007, Ravi was named one of the 20 Rising Stars of Hedge Funds by Institutional Investor. He holds a Master of Science in Finance from Drexel University, U.S.A. and Master of Business Administration from Bradley University, U.S.A.,
“We are delighted that Ravi has joined us to lead our investment management team” said Vijai. “Ravi has extensive experience in the equity markets with an impressive track record. His thorough understanding of what is required to build successful investment portfolios will help us to provide high quality products to investors. We look forward to working with him and leveraging his experience to build our equity portfolios,” said Vijai.
Pramerica Asset Managers Private Ltd. is based in Mumbai and plans to provide a full range of mutual fund and investment products, including domestic and eventually international mutual funds to the Indian investor.
Pramerica Financial is a trade name used in India and select countries outside of the United States by Prudential Financial, Inc., a company incorporated and with its principal place of business in the United States, and its affiliates in select countries outside the United States. PFI (NYSE: PRU), a financial services leader with approximately $693 billion of assets under management as of March 31, 2010, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., the company’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com. PFI of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.
Statutory Details: Pramerica Mutual Fund is set up as a Trust under the Indian Trusts Act, 1882. Sponsor: Prudential Financial, Inc. [liability restricted to initial contribution of Rs. 1 Lac]. Trustee: Pramerica Trustees Private Limited, a Company registered under the Companies Act, 1956. Investment Manager: Pramerica Asset Managers Private Limited, a Company registered under the Companies Act, 1956. Currently, Pramerica Mutual Fund does not have any scheme in India. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.