Bharti to set-up AMC with AXA
Bharti to set-up AMC with AXA
Bharti Enterprises , AXA Investment Managers and AXA Asia Pacific Holdings entered into a joint venture to set-up an asset management company in India.
In the proposed AMC, AXA Investment Managers and AXA Asia Pacific Holdings will hold 75% stake and the remaining 25% will be owned by Bharti Enterprises.
Sandeep Dasgupta, former CEO of Deutsche Asset Management (India), has been appointed CEO of the asset management firm. He was Country Head ( sales and marketing), Alliance Capital Asset Management, India. He has 20 years of rich experience in the industry, and holds Masters in Business Administration from the Indian Institute of Management, Ahmedabad.
Both these companies are partners in life and general insurance joint ventures in India.
Bharti Enterprises is one of India's leading business groups with interests in telecom, agri business, insurance and retail. AXA, is into financial protection and wealth management.
