Aditya Puri, who recently retired as the Chief Executive Officer (CEO) of HDFC Bank, has now joined global investment firm Carlyle as its senior adviser.
On Puri’s appointment, Carlyle said, “Puri will advise the Carlyle team on investment opportunities across Asia. Puri 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.”
Puri is a veteran banker who became the first CEO of HDFC Bank when it was set up in the year 1994. He was associated with the leading private for more than two decades prior to retiring from his position on October 26, 2020.
Puri’s contribution helped the bank in becoming the largest private sector bank in India with more than $210 billion of assets, and the most valuable lender in India with a market cap of over $90 billion.
On his new appointment, Puri, commented, “I am very impressed with Carlyle’s track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia. Whether this is with founder-led businesses or large conglomerates, Carlyle’s focus on building better businesses is something I have a great affinity for. It will therefore be a pleasure to act as senior advisor to the Carlyle team in support of their investing activities across Asia.”
At HDFC Bank, Sashidhar Jagdishan has replaced Aditya Puri as Managing Director and Chief Executive Officer of HDFC Bank.