The former chief executive of Indian banking giant HDFC joins private equity group Carlyle to support its provide advice on investments across Asia.
Aditya Puri was named as a senior advisor for Carlyle in Asia, according to a statement, to provide guidance on investments in the region.
Puri’s guidance will extend across new opportunities and advising Carlyle’s investment professionals and portfolio management teams on building «differentiated high quality businesses».
«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 commented. «Whether this is with founder-led businesses or large conglomerates, Carlyle’s focus on building better businesses is something I have a great affinity for.»
Banking Veteran
In 1994, HDFC Bank was established and it named Puri as its first CEO and it grew over the next 26 years to become one of the four largest lenders in India with $210 billion of assets, as of September 30 this year.
Previously, Puri also spent 20 years with Citibank overseeing activities across India, Greece, Saudi Arabia, Hong Kong, Korea, Taiwan, mainland China and Malaysia.
«I have had the privilege of knowing and following [Puri] from his Citibank years,» said Sunil Kaul, Carlyle’s financial services sector lead. «To have someone of his stature join Carlyle as a senior advisor will add significant value to our capabilities across the region, not only in financial services, but across sectors given [Puri’s] unparalleled experience in the business world.»
