Carlyle, the global investment firm, has roped in ex-HDFC Bank chief Aditya Puri as a Senior Adviser in Asia. The 70-year-old banking veteran has retired from HDFC Bank last week by handing over the reins of India's biggest private bank to Sashidhar Jagdishan as its new CEO and MD.
Puri is the biggest contributor in building the bank from scratch and turning it into the most valued lender in India. He was the prime force behind HDFC Bank achieving new heights. HDFC Bank is now valued at Rs 5.5 lakh crore in the market -- third most valued firm in India after Reliance Industries and TCS.
Carlyle has stated that Puri will be instrumental in identifying the evolving market landscape and new opportunities. He will also provide guidance to Carlyle's investment professionals. "Puri will provide guidance on the evolving market landscape and new investment opportunities, while also advising Carlyle's investment professionals and portfolio management teams on building differentiated high quality businesses," Carlyle said in a statement.
Puri is very impressed with Carlyle's track record in key industry sectors. "Carlyle is known for its ability to transform businesses, working closely in partnership with management teams and other key stakeholders to drive sustainable long-term growth. I am very impressed with Carlyle's track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia," Puri said.
Carlyle Asia Chairman and MD XD Yang said he was looking forward to leveraging Puri's deep expertise and relationships to source new investment opportunities and to help portfolio companies build better businesses.
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