Ajay Srinivasan has been the Non Executive Director, Financial Services at the Aditya Birla Group since July 2007.
In his role as Non Executive Director, Financial Services, he sets the vision and provides strategic direction and leadership for the Group's Financial Services business which covers several verticals such as Life Insurance, Fund Management, Private Equity, Wealth Management, Retail Broking, Capital Markets Based Lending, Corporate Financing, Infrastructure Finance and General Insurance Broking. Under his leadership the financial services business has grown rapidly with a turnover of USD 1.3 Bn, over 5.6 million customers and a workforce of over 17,500 people.
Prior to joining the Aditya Birla Group, Ajay was Chief Executive, Fund Management at Prudential Corporation Asia, based in Hong Kong. Under Ajay's leadership, Prudential's Fund Management operations in Asia grew rapidly, both organically and through acquisition. Ajay oversaw a business that spanned ten markets, including Japan, with total funds under management of about USD 70 Bn, which made it at the time the second largest retail fund manager in Asia.
As a member of Prudential Corporation Asia's Board of Directors, Ajay also oversaw the development of Prudential's retirement business in Asia.
Ajay joined Prudential in 1998 as Managing Director of Prudential ICICI Asset Management Company, Prudential's Indian fund management joint venture with ICICI Bank. Within two years of operation, Prudential ICICI AMC had grown to become the largest private sector asset management company in India.
With a proven track record for building successful businesses, his experience in the financial services industry spans over two decades.
Ajay has in his financial career engaged with several bodies including the Financial Planning Standards Board, the CII Committee on Financial Sector Reforms, The CII Committee of Financial Inclusion, The CII Committee on Insurance and Pensions and the FICCI Committee on Insurance.
Ajay holds a BA with Honours in Economics from St Stephens College, University of Delhi and an MBA from the Indian Institute of Management, Ahmedabad.