Tuesday, May 5, 2009

ING appoints head of Indian mutual fund unit

ING Groep's Asia-Pacific fund arm has named Navin Suri as chief executive of its Indian mutual fund unit, filling a position lying vacant since January.
Suri, a former Citibank executive in Singapore, joined ING Investment Management, India in August 2008 as vice president and director for sales and distribution and has spent more than 17 years in financial sector in the Asia-Pacific region.
ING had on Dec 18 said it was shifting its chief executive Vineet Vohra to Singapore, a week after its Indian unit's director for research and investment Paras Adenwala left.
The firm, which manages about 23 billion rupees in India, is yet to replace Adenwala.

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