Investment firm Carlyle has appointed Aditya Puri, who retired as the chief executive of HDFC Bank, as a senior adviser in Asia, ending speculation on the banking veteran’s future after HDFC. The 70-year-old had last week handed over the charge to Sashidhar Jagdishan as the new chief executive and managing director of India‘s largest private sector lender.
Puri, who joined as the first employee in the HDFC Bank, has been instrumental in building the bank as the most valued lender in India. HDFC Bank is now valued at Rs 5.5 lakh crore in the market, the third most valued firm in India after Reliance Industries and TCS.
Puri, according to a statement, will help Carlyle identify investments in the region. “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,” Carlyle said in a statement.
Carlyle’s Asia portfolio includes McDonald’s China, a stake in the credit card unit of the State Bank of India and a stake in Piramal Pharma.