ICICI Prudential appoints Sankaran Naren as executive director
Posted on:11 May 2016 15:00:57
11 May 2016 Current Affairs: The board of directors of ICICI Prudential Asset Management Company Ltd have appointed Chief Investment Officer Sankaran Naren as Executive Director .
In his current role as the CIO of ICICI Prudential, Naren oversees the investment functions across the mutual fund and international advisory business. Naren joined ICICI Prudential in October 2004 and manages the ICICI Prudential Dynamic Plan as well as ICICI Prudential Top 100 Fund.
Naren received Rs 4.75 crore as remuneration for the financial year 2015-16. ICICI Prudential is one of the largest AMCs in the country with assets under management of Rs 1.79 lakh crore as on March 31.
ICICI Prudential Asset Management Company Ltd : ICICI Prudential Asset Management Company Ltd. is a leading management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions. The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry. The AMC manages significant Assets under Management (AUM) in the mutual fund segment. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.
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