Mr.
Ajay Srinivasan
Chief Executive – Financial Services, Aditya
Birla Group, Business Head, Financial Services,
Aditya Birla Nuvo Ltd and
Director, Aditya Birla Management Corporation Private
Limited
Mr. Ajay Srinivasan has been with the Aditya
Birla Group since July 2007.
In his role as the Chief Executive, Financial Services,
he sets the vision and provides strategic direction
and leadership for the Group’s financial services
business, which covers several verticals such as
life insurance, fund management, private equity,
wealth management, retail broking, capital markets
based lending, corporate financing and general insurance
broking.
Under his leadership the financial services business
has grown rapidly with an annual turnover of about
$1 billion and a workforce of over 15,000 people.
Both the life insurance and mutual fund have become
top five businesses in the last two years beating
industry growth by a large margin.
Prior to joining the Aditya Birla Group, Mr. Srinivasan
was the Chief Executive, Fund Management at Prudential
Corporation Asia. Under his leadership, Prudential’s
fund management operations in Asia grew rapidly,
both organically and through acquisition. He oversaw
a business that spanned ten markets, including Japan,
with total funds under management of about US$ 70
billion, which made it at the time the second largest
retail fund manager in Asia.
As a member of Prudential Corporation Asia’s
Board of Directors, Mr. Srinivasan also oversaw
the development of Prudential’s retirement
business in Asia. He joined Prudential in 1998 as
the Managing Director of Prudential ICICI Asset
Management Company, Prudential’s Indian fund
management joint venture with ICICI Bank. Within
two years of operation, Prudential ICICI AMC had
grown its funds under management eleven-fold and
became the largest private sector asset management
company in India.
Prior to joining Prudential, he was the Deputy Chief
Executive Officer and Chief Investment Officer of
the Indian operations of Threadneedle Asset Management.
With a proven track record for building successful
businesses, his experience in the financial services
industry spans over two decades.
Mr. Srinivasan holds a BA with Honours in Economics
from St Stephens College, University of Delhi and
an MBA from the Indian Institute of Management,
Ahmedabad.
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