Fidelity, the world’s largest fund manager, appointed Ashu Suyash as head of its mutual funds business in India earlier this year. Suyash’s appointment ended several months of speculation on who would man – er, woman – this prime slot. Fidelity Fund Management Pvt Ltd is an arm of Fidelity International Ltd, which, along with Fidelity Management & Research Company, Boston, US, has $1.2 trillion assets under management.
A CA by qualification, Suyash, 37, brings with her over 15 years of financial services industry experience, including a stint with Citicorp Brokerage India Ltd as CEO (1996-1998) and as head of investor sales (1998-2000). Most recently, she was head of strategy and business development for Citigroup in India. She also did a year’s stint with Timesofmoney .com. Fidelity is is likely to hit the market with its first product in October 2004. “India is a strategic market for Fidelity and we have a long-term app-roach to the business,” says Suyash.
A CA by qualification, Suyash, 37, brings with her over 15 years of financial services industry experience, including a stint with Citicorp Brokerage India Ltd as CEO (1996-1998) and as head of investor sales (1998-2000). Most recently, she was head of strategy and business development for Citigroup in India. She also did a year’s stint with Timesofmoney .com. Fidelity is is likely to hit the market with its first product in October 2004. “India is a strategic market for Fidelity and we have a long-term app-roach to the business,” says Suyash.
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