ICICI Prudential AMC appoints Anand Shah as Head of PMS & AIF Investments
One of India’s largest investment managers, ICICI Prudential Asset Management Company (AMC), a joint venture between ICICI Bank & Prudential Plc has today announced the appointment of Anand Shah as Head of portfolio management services (PMS) & alternative investment funds (AIF) Investments.
Anand Shah has more than two decades of rich fund management experience in the asset management industry, most recently, as CEO of NJ Asset Management. Prior to this, he was Deputy CEO & Head of Investments at BNP Paribas Asset Management Company, responsible for investments and overseeing both onshore & offshore mandates sub-advised and sales.
Regarding his qualifications, he is a Post Graduate Diploma in Management from Indian Institute of Management (IIM) Lucknow and holds a BE degree from Regional Engineering College, Surat.
Speaking at the occasion, Nimesh Shah, MD & CEO of ICICI Prudential AMC said, “We at ICICI Prudential are delighted to welcome an exceptionally talented investment manager and a leader like Anand. He has a wealth of fund management experience. With Anand's presence, we expect to strengthen our PMS & AIF Investment management capabilities and continue on our journey of delivering good investment experience to our clients.”
On his appointment, Anand Shah said, “It is my pleasure to join ICICI Prudential AMC as Head-PMS & AIF Investments. ICICI Prudential team has created a highly respected investment house across various asset classes in India. The scale of business is very large today in comparison to my previous association with them. It has emerged as one of the most trusted brands in the investment management space in India for retail & institutional clients and also, for foreign investors. I am confident of contributing to the existing strong PMS Investment management capabilities & robust processes and add value to our investors and partners.”
Anand Shah has won many laurels and prestigious awards for his fund management. He was the recipient of ‘CIO of the Year Award 2014-15’ from Asia Asset Management and has also won many other fund-level awards for his investment performance. Anand’s association with BNP Asset Management was a little less than a decade since he joined in March 2011. Prior to joining BNP Paribas Asset Management Company, Anand was the Head of Equities at Canara Robeco Asset Management for a period of three years, starting March 2008. He was previously associated with ICICI Prudential Asset Management Company Limited in the capacity of Co-Head Equities and as Vice President Investments at Kotak Mutual Fund for a period of six years from May 2000 to December 2006.