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Aditya Puri joins Carlyle Group as Senior Advisor

Just days after his retirement as MD and CEO of HDFC Bank, Aditya Puri has joined The Carlyle Group as a Senior Advisor to the Group in Asia. The Carlyle Group said in a statement that Puri will advise the Carlyle team on investment opportunities across Asia and will provide guidance on the evolving market landscape and new investment opportunities, while also advising Carlyle’s investment professionals and portfolio management teams on building differentiated high quality businesses. Spending over 26 years in HDFC Bank as a founder member, Puri saw the bank grow into the largest private sector bank in India with over $210 billion of assets (as of 30 September 2020), and the most valuable bank in India with a market cap of over $90 billion. Under his leadership, the bank became well-known for its customer-focused approach, disciplined risk management and strong consistent year-on-year growth. Puri had a stint of 20 years at Citibank overseeing parts of the bank’s activities across India, Greece, Saudi Arabia, Hong Kong, Korea, Taiwan, and mainland China, with his last role as CEO of Citibank’s operations in Malaysia from 1992-1994.

On his appointment at Carlyle, he said he would be working closely in partnership with management teams and other key stakeholders to drive sustainable long-term growth. X.D. Yang, Managing Director and Chairman of Carlyle Asia said Puri has been repeatedly accredited as one of the world’s leading global CEOs. and The Carlyle Group is excited to have him join the Group as a senior advisor in Asia and look forward to leveraging his deep expertise and relationships to source new investment opportunities and to help its portfolio companies build better businesses.

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