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We combine knowledge and expertise with a highly principled approach to business, putting our clients’ needs first. Learn more about PGIM India Mutual Fund's leadership team below.
Associate Director
Independent Director
Chief Executive Officer
CIO – Mutual Fund
Chief Operating Officer
Chief Business Officer
Qualification
Bachelor of Business
Experience
Mr. Sopun Leng is the Head of Global Risk Management for PGIM Investments providing risk guidance and expertise across their global business. He has over 15 years Risk experience and a broad range of risk knowledge in implementing, developing and maintaining risk frameworks. He is also a Board director of PGIM Financial Limited, the UK group parent of PGIM in EMEA. Previously he was the Head of Risk Management for AllianceBernstein in EMEA and served many years with Vanguard Asset Management and Northern Trust Global Investments. Within the UK industry, Sopun is the Chair of the Investment Association’s Business Enterprise Risk Committee and a member of their Climate Change Working Group. He is Vice-Chairman of the GARP European Buy-Side Risk Managers Forum and a member of the Climate Financial Risk Forum (CFRF) Risk Management Group. Sopun holds a Bachelor of Business degree with a double major in Accounting and Marketing.
Managing Director and Chief Investment Strategis
Mr. Sridharan has over 19 years of experience in strategy management across automobile, e-commerce, advertising, consumer, realty and financial services industries. Since 2006, he is with Wadhawan Group and is a member of Group Management Council (GMC), which manages synergies among various financial services business; he also leads the strategic development activities for the Group.
Mr. Sridharan is also a Member-Advisory Board (Infrastructure Sector) of World Economic Forum; Member of Asian Advisory Board, Global Chief Marketing Officers Council, Honorary Fellow- Observer Research Foundation.
B.Com., FCA
Mr. Sujal Shah is a practicing Chartered Accountant (CA) and Partner of “SSPA & Co.”, Chartered Accountants, Mumbai since April, 2008. Prior to setting up his own CA firm, he was a Partner in Dalal & Shah, Chartered Accountants, Mumbai (November 2006 to March 2008) and N.M. Raiji & Co., Chartered Accountants, Mumbai (January 1999 to October 2006) handling Corporate Consultancy practice of the firms in the area of mergers and acquisitions, advising on restructuring of business, conducting financial due diligence etc.
Mr. Pradhan is currently working as Member of the High Level Committee, appointed by the Finance Minister, to interact with Trade and Industry on Tax Laws.
He has worked in various capacities, both in Central Government and Government of Orissa. Mr. Pradhan has served as Additional Commissioner and Commissioner, Income Tax (Central), Delhi. He also worked as Secretary, Public Enterprises, Government of Orissa from 1995-2000 and as Special Secretary (Commerce), Government of Orissa.
He has worked as Additional Secretary, Special Secretary and Secretary, Department of Public Enterprises, Government of Orissa from April, 1991 to July, 2000. Mr. Pradhan was nominated as a Member of the Task Force constituted by Government of Orissa for restructuring the Power Sector in 1992.
Between 2007 to 2012, he was on Central Deputation where he worked as Joint Secretary and Additional Secretary as also the Chief Vigilance Officer, Department of Disinvestment and was in-charge of various disinvestment transactions in CPSEs like NTPC, REC, PGCIL, NHPC, SJVNL, OIL and ONGC, which were very successfully completed.
He has also served as President of the Indian Revenue Service Association (Income Tax), All India Body, for two consecutive terms. He has also held the post of Vice-Chairman, Income Tax Settlement Commission.
Mr. Pradhan is working as Member of the High Level Committee, appointed by the Finance Minister, to interact with Trade and Industry on Tax Laws.
Mr. Kumar has four decades of diverse experience in Capital Markets spanning leading banks, Financial institution’s, Stock exchanges, Investment banking and Financial services. His experience covers being part of business functions when he served in the capacity of MD / CEO / Director in Stock Exchanges and financial service entities, and as a regulator in the roles of senior positions when he headed Stock exchanges / Clearing corporation.
He was a part of the five-member core team which set up the National Stock Exchange of India Limited; Managing Director & CEO of OTC Exchange of India Limited; Deputy CEO & COO of United Stock Exchange of India Limited. The last position he held was a Managing Director & CEO of Indian Clearing Corporation Limited. His Investment banking experience included holding an executive Board position in Cazenove India (subsidiary of a UK based entity) and Chief Executive Officer of Aloula Geojit Capital. He has also worked in leading entities like State Bank of India and Industrial Development Bank of India.
He has previously been part of Risk Management Committee of SEBI; invitee to Committee constituted by Ministry of Finance to recommend a framework for Clearing Corporations for Commodity Exchanges, and Public Interest Director of BGSE Financial Services, subsidiary of BGSE.
Dr. V. R. Narasimhan has more than 34 years of experience in securities market and financial service sector. The last position he held was Chief of Regulatory Division of National Stock Exchange, prior to which he was the Group Head, Compliance (Capital Markets) at Kotak Mahindra Bank. He has also worked with Kotak Mahindra Asset Management Company as Chief Compliance Officer, National Securities Depository Limited as Senior Vice President and Securities and Exchange Board of India as Division Chief, Secondary Markets.
Dr. Narasimhan was a member of regulations drafting committee for Forward Markets Commission, Government of India. He is also a member of various committee of Institute of company Secretaries of India. Dr. Narasimhan was also member in the committee to firm up questionnaire for NCEAR investor survey and faculty for induction program for new recruits at SEBI and member for selection of resource persons; member of syllabus framing committee - contributed to framing the course content for broker, mutual fund, registrar and transfer agent test programs at NISM.
B.Sc. (Mathematics, Statistics and Physics), Post-Graduation (Economics), University of Madras
Mr. Muralidharan has over 33 years of experience in the Banking Financial Services and Insurance Sector. Over the last decade, he has held CEO/COO / Top Leadership positions across institutions such as ICICI Bank, Dhanlaxmi Bank and L&T Financial Services. Presently he is a Practice Head- Leadership Development at the Leadership Centre (www.leadershipcentre.in). He also mentors two Tech start ups one in Delhi, India and another in the Silicon Valley. He does pro-bono work with organizations that provide opportunities and better environment for People with Disabilities.
His long tenures have been with the country’s largest Public and Private Sector Banks - State Bank of India (9 years) and ICICI Bank (13 years). His wide experience spans Corporate Banking, Retail Banking, Branch and Digital Channels, Strategy, Technology, Operations and Transformational Projects in Customer Experience some of which were industry-first initiatives. At ICICI Bank, he was a part of the team that set up the Bank in 1994 and went on to become General Manager – Global Operations Group. His transformational work in Dhanlaxmi Bank where he was the President and Chief Operating Officer won him The Asian Banker Award in 2012.
He retired as the Group Head at L&T Financial Services (Financial Services arm of the Engineering Giant Larsen & Toubro) where he led the Operations, Technology, Credit Mid office and Corporate Social Responsibility across the entire spectrum of Infrastructure and Project Finance, Retail Lending and Rural Finance, Asset Management, Wealth Management and Insurance businesses. Mr. Muralidharan was the member of the Group Executive Council, the Apex Body of the group.
Through his career, Mr. Muralidharan has been a part of Strategic and Leadership committees and has held Board Positions in the business and not for profit organizations. He was also the Vice-Chair of Custommerce Service Excellent Foundation. Mr. Muralidharan has been a regular speaker in industry fora and facilitated sessions in leading institutions such as National Institute of Bank Management, Tata Management Training Centre and the like. Mr. Muralidharan has throughout his career been part of strategic and transformational initiatives across the institutions he was a part of both in business and enterprise functions. Also. Mr. Muralidharan has actively been engaged in building and facilitating capability development and leadership development.
Chartered Wealth Manager (CWM) – Honorary, Licensed International Financial Analyst (LIFA), MBA (Finance),B.Com.
Mr. Rajesh Krishnamoorthy has more than 22 years of experience in the finance industry. The last position he held was Country Head – India (LO) in Financial Planning Standards Board Ltd, US where he was responsible for all activities of FPSB in India. He has also worked with iFAST India Holdings Pte Ltd, Singapore as Vice Chairman and iFAST Financial India Pvt Ltd. as Managing Director. He has held position of Chief consultant for Collaborative Distribution Expansion Project.
Mr. Rajesh Krishnamoorthy was a member of Committee of Investment Adviser Regulations (SEBI), Retirement Adviser Certificate Examination (National Institute of Securities Markets), Investment Adviser Certificate Examination (National Institute of Securities Markets). He was also a member and coordinator for SEBI Working Group on Investment Adviser Regulations, 2013.
Mr. Rajesh Krishnamoorthy has handled multiple roles at Fidelity Asset Management and Fidelity Funds Network, in India and ICICI Bank. Formerly, he has also been part of Corporate Treasury Management in Tata Housing Development Co.
Masters in Education,Undergraduate in Finance
Mr. David Wan Chang oversees PGIM’s asset management businesses in India (PGIM India) and Taiwan (PGIM SITE), and PGIM’s joint venture on the Chinese mainland with partner Everbright Securities.
Prior to joining PGIM, he has worked with Franklin Templeton where he spent more than 20 years, formerly as the CEO and regional head for Greater China since 2007,responsible for driving business across Hong Kong, the Chinese mainland and Taiwan, and more recently as senior advisor providing guidance and strategic counsel to the APAC team.
He also held previous senior sales and business development roles at the firm.
He currently sits on the Board of Independent Advisors to the Family Office Association in Hong Kong, providing advice on family governance, running family business, philanthropy and all other areas that can add value to the Family Office Hong Kong community, and is an independent advisor to the Raffles Family Office in Hong Kong.
M.A., IAS
Mr. Vijay Ranchan is a former IAS Officer, currently working as a Management Consultant. He was the Additional. Chief Secretary in the Government. of Gujarat, handling policy framing and administration and held senior positions of Secretary, Principal Secretary, and Additional Chief Secretary in the Departments of Revenue, Industry, Labour, Health, etc.
Mr. Ranchan was a Public Representative Director on the governing board/council of management of Ahmedabad Stock Exchange (2004 – 2007). He was the Commissioner of Commercial Taxes of Gujarat State (1997 -1999) and dealt with taxation issues. As the Head of various Departments in the Gujarat government, he has extensively handled budgetary and financial matters. As the Secretary, Industries (1995) and Secretary - Energy and Petrochemicals (1999 -2001) in the Government of Gujarat, he dealt with the Asian Development Bank on the restructuring of the Public System and the Public Sector. As the Managing Director of the corporations like Gujarat Mineral Development (two terms), Gujarat State Textile Corporation (two terms), Gujarat Industrial Development Corporation, Mr. Ranchan had the responsibility to extensively deal with finance, especially the project finance. He also worked periodically as Jt. Managing Director (1975) of Gujarat Industrial Investment Corporation. He also had the charge of Gujarat Municipal Finance Board, which assists in financing the infrastructure projects of municipalities. He has rendered consultancy advice to MCX on the market in agricultural produce and to NMCE (2009) on spot market in agricultural produce in Gujarat. Mr. Ranchan has been Director on the board of more than twenty companies – both public sector and private sector.
He has been the Chairman or a member of numerous Audit Committees and he speaks about his experience in financial matters where the other members are usually bank's nominees or C.A.s. He was Member of Audit Committee of Gujarat State Fertilizer Corporation, Gujarat Narmada Fertilizer Corporation, Gujarat Alkali & Chemicals, Mann Industries, Shah Pulp & Papers and Usher Agro and also Public Representative Director on Ahmedabad Stock Exchange.
Mr. Ranchan is currently an independent director on the boards of Usher Agro Limited, Shah Pulp & Paper Mills Ltd., Adani Power Ltd., Usher Eco Limited and EWYA Energy Pvt. Ltd.
Chairman & Managing Director of Dewan Housing Finance Corporation Limited
Mr. Wadhawan is the Chairman & Managing Director of Dewan Housing Finance Corporation Limited (DHFL). He assumed charge of DHFL in October 2000 and under his leadership, DHFL has transformed into a financial services group, retaining its core focus on enabling affordable home finance for the lower and middle income customer segment. With far sighted strategies, Mr. Wadhawan has led DHFL to become the 2nd largest private sector player in the home finance space in India. Currently, the group’s interest in BFSI sector is spread across life insurance, mutual fund, alternate investment fund, education loans apart from home and mortgage finance. Wadhawan Global Capital Private Limited is the core investment company and the holding company of the promoter entities’ interest in financial services sector of which Mr. Wadhawan is the Chairman.
Mr. Indrasena Yalala Reddy is the Chief Technology and Operations Officer (CT&OO) for PGM Investments. His responsibilities include all aspects of technology strategy and delivery, and operations functions including Fund Administration, Transfer Agency, and Client Service. He had most recently served as Global Head of Technology and Operations for Citi Private Bank & Personal Wealth Management.
During his 15 years at Citi, he led a large group of Technology and Operations staff and implemented an impressive set of strategic initiatives – Platform Convergence, Globalization, Automation and Digitization. He also drove the Mobile & Digital strategy and deployed unified web and mobile platform which significantly improved Bankers and Clients experience.
Prior to joining Citi, he held senior technology positions at Deutsche Bank and Credit Suisse where he led a large group of technology team and implemented various global platforms in the US and Europe. He has received various industry awards including “Best Innovator in Wealth Management” by Euromoney, “Premier 100 IT Leaders” by Computer World, and “Elite 100 Winners” by Information Week.
CFA Charterholder, CAIA Charterholder and BSc. Finance, First Class Honours, University College Cork
Ms. Caroline McDonagh has more than 16 years of experience in areas including Investment, Portfolio Management and Risk
She is currently part of Investment Risk team of PGIM Investment, Dublin wherein she oversees the UCITs platform from a risk perspective and works closely with Investment Management to create an holistic overview suitable for UCITs guidleines.
Ms. McDonagh has also handled multiple roles at Federated Hermes Multi Asset – London in Risk and Investment Function.
Designation
Mr. Mahalingam is the Member - Group Management Council of Rajesh Wadhawan Group, which is the promoter group of Dewan Housing Finance Corporation Limited (DHFL).
In his early days of career, he joined ITC, one of India’s largest FMCG companies, where he spent over 17 years managing Sales & Distribution, before moving to Brand and Strategy Management, finally culminating in heading ITC’s largest business zone. With the liberalization of the Indian Insurance Industry, he joined HDFC Life to head the Sales and Marketing function, where he was instrumental in the creation of one of the most recalled brand positioning in recent times – ‘Sar uthake jiyo’–which propelled the Company to become one the top five life insurance companies.
Thereafter, he served as MD and CEO of Tata AIA Life - a role he assumed in 2008 during testing times –also witnessed landmark growth with the Company tripling its assets under management under his leadership.
M. Sc., C.A.I.I.B
Mr. C.P. Philip is a former Executive Director (ED) of IDBI Bank Ltd., where he worked in various capacities for over 20 years. He has varied and wide experience in diverse areas of banking, including both developmental and commercial.
As Executive Director of IDBI Bank, he was responsible for the overall risk management & Audit. He was actively involved in implementing a standardized approach to the Basel and II guidelines. He headed various functions viz., risk management and audit, corporate banking, retail banking, branch and centralized operations human resources and training, and administration. He has had immense exposure to term lending, working in various capacities. He has handled many projects in infrastructure, manufacturing and services sectors.
B.E. (Electrical)
Mr. G. Parthasarathy was the Indian High Commissioner in Pakistan from 1998 until retiring from service in 2000. He was also the High Commissioner of India in Australia from 1995 to 1998 and High Commissioner of India in Cyprus from 1990 to 1992 and Ambassador of India to Myanmar from 1992 to 1995.
He had served as the Information Adviser in the Prime Minister’s Office with Prime Minister Rajiv Gandhi. He was closely involved in financial planning related to specific projects both in Ministry of External Affairs and in Indian Diplomatic Missions abroad.
He is also an Honorary Visiting Professor in the Centre for Policy Research in New Delhi; Member of the Executive Council of the Centre for Air Power Studies, New Delhi and also Member of the Editorial Board of the Indian Defense Journal.
Ajit Menon is the Chief Executive Officer of PGIM India Asset Management Pvt. Ltd. As CEO, Ajit oversees all aspects of the asset management business, including mutual fund and portfolio management services. Ajit is responsible for the direction of the business and its growth strategy. As a dynamic and result oriented leader, he brings to the table keen analysis, insights and a team approach to drive organizational improvements and implementation of best practices.
An industry veteran, Ajit has over two decades of leadership experience in business strategy, distribution, sales and marketing. He joined PGIM India from Tata Asset Management Company where he was Head of Strategy.
Prior to Tata AMC, Ajit spent over 15 years with DSP Blackrock where he played a key role in the growth of the business. He is associated with key industry bodies and is a sought after speaker at various domestic forums and conferences. He has authored papers on matters pertaining to the AMC business, co-designed a six-month certification course in wealth management and a two-month retirement readiness certification course for business partners.
Chief Investment Officer – Fixed Income
Over 19 years of investment management experience in Indian Fixed Income market.
Educational Background
MBA in Finance and Bachelor of Engineering from Mumbai University
Professional History
Head – Fixed Income at Deutsche AMC
Senior Credit Analyst at Societe Generale
Worked with CARE earlier
Close to 20 years of experience in leading Operations, Technology and Customer Service functions
B.COM, ACS, AIII
Head - Enterprise Operations & Omni-Channel Service at L&T Financial Services
Head – Operations & Customer Services at L&T Mutual Fund
Director – Operations & Customer Services at Fidelity Mutual Fund
Head Investor & Distributor Services at Kotak Mahindra Mutual Fund
Head – Institutional Sales
Over 18 years of experience in Sales & Distribution of financial products
Head – Institutional Sales at Deutsche AMC
Head - Institutional Sales, West at IDFC AMC
Has also worked with Standard Chartered AMC and Birla Sun Life Distribution
Collectively over 20 years of experience in Indian financial markets, primarily in equity research & Fund Management
January 27, 2023 onwards - PGIM India Asset Management Private Limited - Chief Investment Officer
April 2018 to January 2023 - Union Asset Management Company Ltd. Last Position Held - Chief Investment Officer.
January 2007 to March 2018 – Invesco Asset Management Company Ltd. Last Position Held – Fund Manager - Equity.
Over 15 years of experience in Sales & Distribution of financial products
Abhishek Tiwari is the Chief Business Officer of PGIM India Asset Management Pvt. Ltd. Abhishek is a sales & finance professional who brings with him over 15 years of experience in Sales & Distribution of financial products across Asset Management companies & distribution firms. At PGIM India, Abhishek has successfully handled a diverse set of roles. He joined PGIM India from Edelweiss Asset Management Company, where his key roles was strengthening & establishing the Key Accounts – Alliances & Sales. He is a Post Graduate in Management & has sales experience across diverse geographies across India along with detailed knowledge of products across Mutual Funds, Portfolio Management Services & Alternative Investment Funds.
In his previous roles, Abhishek has worked at JP Morgan India Mutual Fund as Head – Gujarat & Central. He has also worked with DSP Blackrock Investment Managers & HDFC Mutual Fund at various locations in different capacities across the country.
Head – Retail Sales & Products
Over 20 years of experience in Sales & Distribution of financial products
Head – Key Accounts at Deutsche AMC
Head – Bank and Key Accounts Sales, West at IDFC AMC
Has also worked with Standard Chartered AMC, JM Financial and Kothari Pioneer AMC
Chief Investment Officer
Over 24 years of industry experience
B.com., MBA Finance
Senior Fund Manager – Equities at HDFC Asset Management Company Ltd.
Senior Analyst at Motilal Oswal Securities Ltd.
AVP – Equity Research at Edelweiss Capital Ltd.
Investment Analyst at Securities Capital Investments (I) Ltd.
Mr. Sivaraman is seasoned business leader with a 34- year track record with the L&T Group, most recently (till April 2016) as President and Whole Time Director with L&T Finance Holdings (LTFH)). Mr. Sivaraman’s range of accomplishments centre on leading a small company or platforms through transformational growth into admirable organisations and providing exceptional leadership to produce differentiated outcomes.
He joined LTFH in 2006 when the balance sheet was below Rs 3000 crore with PAT below Rs 30 crore. Balance sheet grew to Rs 57000 cr and PAT of Rs 857 crore by March 2016 by widening and deepening the offerings. He led its inorganic expansion into housing, two wheelers and asset management businesses – all of which have grown in size and profits on his watch.
Key transactions include the acquisition of Fidelity’s domestic mutual fund and building it into a Rs 25,000 crore AMC with 40% of assets in equity by April 2016 by integrating the organisation as well finding new leadership. L&T Finance started out with 600 employees, it had around 12,000 employees by April 2016.
As part of expanding the scope of offerings, infrastructure lending and wealth management business were also added and each of them grew into significant sized business. He spearheaded LTFH’s listing in 2011.
Whilst at L&T in the period immediately before joining LTFH, Mr. Sivaraman handled M&A and IR (2000-2006) led the demerger of cement business and subsequent acquisition by Grasim, including the buy out of Grasim’s stake in L&T by an innovatively funded Employee Welfare Trust. As Treasurer between 1995-2000, he executed the acquisition of Narmada Cement, structured L&T’s first BOOT financing and eventual profitable exit and structuring and raising debt from capita markets for a BOLT project. Earlier he held assorted roles heading accounts in several L&T businesses and sales regions.
Since December 2018, he has been appointed as the Chief Operating Officer of IL&FS Limited to support the resolution efforts of the new board.