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Avendus appts new chairman for alternatives asset mgmt biz

Press Trust of India  |  Mumbai 

today announced the appointment of as chairman of its alternatives asset management business under the aegis of Public Markets Alternative Strategies LLP.

Vajpeyi has also been hired as to the Ranu Vohra.

Vajpeyi has held senior management positions over a span of 30 years in leading financial services companies in the UK, and India, such as Swiss Bank Corporation, BZW (and DSP Merrill Lynch, the company said in a statement.

"Alok is a well-known and respected stalwart of the Indian financial services industry, and this appointment formalises his already close and significant relationship with the firm," Vohra said.

Public Market Alternate Strategies manages two funds-the Avendus Absolute that has an AUM of USD 510 million and the Avendus Enhanced with an AUM of USD 117 million.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 18:50 IST