 Mumbai:
Chandresh Nigam will join Prudential ICICI Asset Management
Company (PIAMC) in July 2003 as senior fund manager (equity),
reporting to Dileep Madgavkar, chief investment officer.
Nigam is a mechanical engineer form IIT-Delhi and is an
alumnus of the IIM-Calcutta Class of 1991.
He
began his career with SBI Caps, and since 1993 has been
associated with Zurich Asset Management Company. In his
10 years with Zurich he handled various funds; his last
assignment was managing Zurich''s three flagship equity
funds with an aggregate corpus of Rs 3.3 billion (Zurich
India Equity Fund, Zurich India Capital Builder and Zurich
India Tax Saver).
PIAMC
is investment manager to the largest private sector mutual
fund in India, the Prudential ICICI Mutual Fund. PIAMC
enjoys the strong parentage of the ICICI group, a well-known
and trusted name in financial services in India and the
Prudential group of UK, one Britain''s largest players
in the insurance and fund management business.
PIAMC
has over Rs 11,600 crore in assets under management (AUM)
as of 31 May 2003. PIAMC has over 30 centres all over
the country to service investors and enjoys the trust
of nearly 6 lakh investors. Its diverse product portfolio
comprises of debt, equity and balanced funds.
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