IIFL Asset Management today announced the appointment of Anup Maheshwari as the Joint CEO and Chief Investment Officer (CIO) with effect from mid-August 2018.
Maheshwari brings with him 24 years of investment experience. An alumnus of IIM Lucknow. Maheshwari joins IIFL AMC from DSP BlackRock Investment Managers. He had been with DSP BlackRock since July 1997 and was last designated as the Chief Investment Officer (equities) and managed their domestic funds from May 2001 to June 30, 2012.
He was CIO at HSBC Asset Management between Dec 2005 and May 2006 before returning to DSP BlackRock. Prior to joining DSP Blackrock, he had worked for Chescor, a British fund management firm that used to run three offshore funds investing in Indian equities. In the past, he has been featured amongst the top equity fund managers in the country.
With full responsibility for the investment and strategy for IIFL AMC’s business including mutual funds and Alternative Investment Funds (AIFs), Maheshwari will play a key role in meeting the company's aggressive growth goals as well as product development and devising innovative investment strategy.
Karan Bhagat, Founder, MD & CEO of IIFL Investment Managers, said, “Maheshwari’s successful experience in investment management, both offshore and onshore, will be highly advantageous to IIFL AMC. Attracting someone of Maheshwari’s caliber into the business is a great endorsement of our strategy and ambition. He brings with him incredibly strong knowledge and experience which will be vital as we chart out ambitious plans to grow and develop our asset management business.”
Anup Maheshwari added, "IIFL AMC has a deserved reputation as the leader in the AIF space with many innovations under their belt. We at IIFL AMC are in an excellent position to capitalize on the growth opportunities presented by the Indian market. IIFL AMC's brand, values and fast growth are facets I have respected as an industry player, and I am excited to be on board and part of the great team that will take these to the next level.”