ABN Amro hires CIO for India funds arm
ABN Amro Asset Management has appointed a portfolio manager from emerging market specialist Charlemagne Capital, as the dedicated head of its 12-strong investment team in India, which oversees €1bn ($1.5bn) in assets.
Kommera Chakradhar Reddy joins as chief investment officer to lead ABN Amro Asset Management India's investment team, in what is a newly-created role overseeing both equities and fixed income and a new emerging market in structured products. He will also manage ABN Amro's opportunities fund and its future leaders fund. He reports to Nikhil Johri, head of ABN Amro's Indian business.
At Charlemagne Capital, a London-listed investment house specialising in emerging markets, Reddy managed a range of equity funds investing in India. He previously worked at asset managers including Thames River Capital in London and Crédit Agricole Asset Management in Hong Kong.
ABN Amro Asset Management in India had total assets under management of €1bn as of May 31. Worldwide, Fortis Investments, which merged with Abn Amro Asset Management earlier this year, had assets of €141.3bn under management.
Separately, Morgan Stanley has appointed Anthony Heredia as chief executive of its Indian funds arm. Heredia joined Morgan Stanley in February 2007 as head of sales and marketing for India, and succeeds Narayan Ramchandran, who was named country head and chief executive of Morgan Stanley India in October last year.
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