Aditya Puri, the former CEO of HDFC Bank who retired from the bank recently, has joined the global private equity firm Carlyle as senior adviser.
In a press release, The Carlyle Group said, “Puri will advise the Carlyle team on investment opportunities across Asia. 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.”
Puri was the first MD & CEO of HDFC Bank when it was set up in 1994 and ran the bank for 26 years before retiring on October 26, 2020. He grew HDFC Bank into the largest private sector bank in India with over $210 billion of assets, and the most valuable bank in India with a market cap of over $90 billion.
“I am very impressed with Carlyle’s track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia. Carlyle’s focus on building better businesses is something I have a great affinity for. It will therefore be a pleasure to act as senior advisor to the Carlyle team in support of their investing activities across Asia,” Puri said while commenting on his appointment.