ING Investment Management Asia Pacific announced that it has appointed Nityanand Prabhu as Acting CEO of ING Investment Management (IM) India, based in the Mumbai office, following the resignation of CEO Navin Suri, who has decided to continue his career outside India owing to his family commitments.
Mr. Prabhu has been with ING IM India for five years, most recently as Chief Operating Officer where he is responsible for operations, technology and administration. He has over 20 years of rich cross-functional experience in the Indian asset management industry.
Prior to joining ING IM India, Mr. Prabhu was with ABN Amro Asset Management, heading operations and technology functions. He also has worked with TATA, Sun F&C and Canara Robeco Asset Management companies.
Commenting on his decision to leave the business, Mr. Suri said, ?I am proud of this business, and how much it has accomplished over the past several years. I believe that the business is strongly positioned to continue this positive momentum, especially by being home to a leading quantitative investment team, a well recognized fundamental team, and a comprehensive multi manager team that manages one of India`s largest debt fund of funds.?
Mr. Suri will be working with Mr. Prabhu to ensure a smooth transition over the next several weeks.
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