Key Takeaways
- • 360 ONE Asset Management, backed by Bain Capital and formerly known as IIFL Asset Management, has appointed Raghav Iyengar as chief executive officer, succeeding Manoj Shenoy.
- • Iyengar will also join the firm as a whole-time director, according to a company statement issued Monday.
- • The asset manager reported Rs 72,248 crore in AUM as of March 31, 2024, per its annual report, with Rs 38,313 crore in AIF assets.
- • The private equity business held Rs 24,212 crore in AUM as of March 31, 2024.
- • Iyengar's mandate centers on growth strategy, product pipeline expansion, and market share gains.
Summary
360 ONE Asset Management, which is backed by private equity firm Bain Capital and was previously known as IIFL Asset Management, has appointed Raghav Iyengar as its new chief executive officer. Iyengar succeeds Manoj Shenoy and will also serve as a whole-time director of the firm, the company said in a statement on Monday, according to VCCircle.
In the new role, Iyengar will be responsible for driving the company's growth strategy, expanding its product pipeline and strengthening its market share. He brings more than three decades of experience in financial services, having held leadership positions at Axis Asset Management, ICICI Prudential Asset Management and Tata Asset Management.
360 ONE Asset Management offers alternative investment funds (AIFs), portfolio management services (PMS) and mutual funds. Its strategies invest across public and private equities, fixed income securities and real estate.
According to the group's annual report, the asset management business had Rs 72,248 crore in assets under management as of March 31, 2024. Of this, Rs 38,313 crore was AIF AUM, Rs 24,355 crore was in PMS and separately managed accounts, and Rs 9,580 crore was in mutual fund assets. The private equity business separately reported an AUM of Rs 24,212 crore as of the same date.
In the new role, Iyengar will be responsible for driving the company's growth strategy, expanding its product pipeline and strengthening its market share. He brings more than three decades of experience in financial services, having held leadership positions at Axis Asset Management, ICICI Prudential Asset Management and Tata Asset Management.
360 ONE Asset Management offers alternative investment funds (AIFs), portfolio management services (PMS) and mutual funds. Its strategies invest across public and private equities, fixed income securities and real estate.
According to the group's annual report, the asset management business had Rs 72,248 crore in assets under management as of March 31, 2024. Of this, Rs 38,313 crore was AIF AUM, Rs 24,355 crore was in PMS and separately managed accounts, and Rs 9,580 crore was in mutual fund assets. The private equity business separately reported an AUM of Rs 24,212 crore as of the same date.
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