Who did Bajaj Alternate Investment Management hire?

Bajaj Alternate Investment Management hired Jitendra Gohil from Kotak Alternate Asset Managers as its Chief Investment Officer.

How large is India's alternative asset industry?

India's alternative asset industry has a committed capital of 15 trillion rupees ($169 billion).

What is Bajaj's goal with the new hire?

Bajaj aims for the new Chief Investment Officer to lead an initiative to create an alternative investment fund.

Home / Business and Economy / Bajaj Group Poaches Top Talent Amidst Asset War

Bajaj Group Poaches Top Talent Amidst Asset War

20 Nov

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Summary

Bajaj Group's investment arm hired a CIO from a rival firm.
India's alternative asset industry manages $169 billion capital.
The industry faces a challenge finding skilled investment professionals.

Bajaj Group Poaches Top Talent Amidst Asset War

Bajaj Group's alternative investment management division has secured a key executive from a competitor, signaling a heightened battle for talent in India's rapidly expanding asset management sector. The recruitment of Jitendra Gohil, formerly of Kotak Alternate Asset Managers, is set to bolster Bajaj's efforts in establishing a new alternative investment fund.

This strategic hire comes as India's alternative asset industry, managing a substantial $169 billion in committed capital, experiences a surge in activity. The sector, which primarily pools funds from affluent individuals, is grappling with a limited supply of skilled professionals, making such executive hires crucial for growth and innovation.

Regulatory bodies have also been scrutinizing these funds, with tightened due-diligence rules implemented last October to prevent investment restrictions from being circumvented. The appointment of Gohil, who will report to Lakshmi Iyer, is a significant step for Bajaj as it aims to expand its investment team significantly.