Altico Named Naina Lal Kidwai as Its New Non executive Director

Posted on:15 Mar 2016 09:25:40
Altico Named Naina Lal Kidwai as Its New Non executive Director
15 March 2016 Current Affairs: Non-banking financial company Altico Capital India has appointed former HSBC India chairperson Naina Lal Kidwai as an independent non-executive director. Altico Capital is a foreign owned and controlled NBFCs with a net worth Rs 2,000 crore and is well capitalized to capture loan growth opportunities being presented due to the capital constraints in the banking system.Altico, focused on real estate, is looking to invest about Rs 2,500 crore every year for five years in the Indian real estate market.It is promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners.Aina Lal Kidwai has a MBA from Harvard Graduate School of Business Administration, Boston, Massachusetts.She is on the boards of Larsen & Toubro Limited, Advent Private Equity, Nestle SA, Cipla Limited, Max Financial Services Limited.She is also the chairperson of South Asia Harvard Business School.Before joining Altico she was the chairperson of British lender HSBC India last year and served the bank for 13 years.Before joining HSBC, Kidwai was vice-chairperson and head, investment banking, at JP Morgan Stanley

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