Allianz appoints Ritu Arora as country head for India effective immediately

Allianz, a global leader in insurance and asset management, has appointed Ritu Arora as the country head for India, effective immediately. Ritu Arora, who previously served as CEO and CIO of Allianz Investment Management in Asia-Pacific and as an adviser to the Allianz SE Board on India, will spearhead Allianz’s growth strategy in the country. 

In her role as Asia CIO, she managed investment functions across 12 countries with assets under management totalling about $50 billion, significantly boosting investments in Indian public markets and private asset classes. In July 2025, Allianz and Jio Financial Services signed a binding agreement to form a 50:50 domestic reinsurance joint venture in India, also planning joint ventures in the general and life insurance sectors. 

 

Before joining Allianz, Ritu held leadership roles at major financial institutions and was a founding member of PNB MetLife and Canara HSBC Insurance, contributing to India’s insurance industry since its deregulation in 2003. 

Altiva Hybrid SIF garners ₹320 cr during NFO 

Edelweiss Mutual Fund’s first specialised investment fund (SIF) — Altiva Hybrid Long-Short Fund — collected ₹320 crore during the new fund offering (NFO) period. The hybrid offering, aimed at investors seeking steady returns with low volatility, will predominantly invest in equity arbitrage and debt. “The successful subscription reflects the growing investor appetite for innovative and resilient investment solutions that combine stability with tax efficiency,” said Radhika Gupta, MD & CEO, Edelweiss MF. 

Rubicon Research up 29.5% on mkt debut 

Shares of pharmaceutical company Rubicon Research Ltd on Thursday ended with a premium of 29.5 per cent against the issue price of ₹485. The stock started trading at ₹620.10, up 27.85 per cent, from the issue price on the BSE. Shares of the firm finally ended at ₹627.45, up 29.37 per cent. 

Canara Robeco AMC up 13% in debut trade 

Shares of Canara Robeco Asset Management Company on Thursday ended nearly 13 per cent higher in its debut trade against the issue price of ₹266. The stock made its market debut at ₹280.25, up 5.35 per cent from the issue price on the BSE and NSE. During the day, it jumped 19.54 per cent to ₹318 on the BSE.