In a significant corporate move, Nippon Life India AIF Management Limited, a fully-owned subsidiary of Nippon Life India Asset Management Limited (NAM India), the asset manager for Nippon India Mutual Fund (NIMF), has announced the appointment of Ashish Chugani as the Head of Alternative Assets. Chugani, a seasoned veteran in the finance industry, is expected to lead the company’s Alternative Investment Fund (AIF) business, focusing on areas including real estate, sector-agnostic credit, venture capital, and equity. As of March 2023, the AIF business enjoys a commitment of over INR 5,600 crores.
Sundeep Sikka, ED and CEO of Nippon Life India Asset Management Ltd., extended a warm welcome to Ashish, noting his expertise across asset classes would bolster the company’s business growth both locally and globally. In his new role, Chugani will oversee strategic initiatives and operational aspects of NAM India’s AIF business. He is set to assume office from July 1st, 2023.
With an illustrious career spanning 30 years, Chugani brings in rich expertise from his stints at reputed organizations such as Tata Capital, Centrum, Citibank, Arthur Anderson, Cambridge Place Investments Management, Ankar Capital Management, and Antfactory. Nippon Life India AIF continues to offer diverse investment opportunities through unique offerings across varied asset classes.