Maheshwar Nataraj has been appointed as the new head of BlackRock’s private credit business in India, succeeding Dhruva Agarwal who is leaving the business after four years for family reasons, according to a report by Bloomberg.
The report cites a company spokesperson as confirming the appointment in a statement, saying that Nataraj has been leading the firm’s sourcing and managing of private credit investment in India, which poses “exciting opportunities”.
Banks and private credit funds, including HSBC and Hillhouse’s private credit business Elham Credit Partners have been ramping up staffing in Asia, including India, in anticipation of rapid growth in the region.
HSBC appointed Boomish Gopalakrishnan as Director of Private Credit for ASEAN and India late last year, while Elham added Supriya Kumar as Executive Director based in Mumbai.
