Community Investment Management hires India head amid $10 billion inflows ahead of key global Bond Index entry

San Francisco-based Community Investment Management has hired a country head for its India operation, just weeks ahead of the nation’s entry into a key global bond index.

Bloomberg
First Published22 Jun 2024, 07:35 AM IST
Ravi Vukkadala will lead the firm’s investment activities in India
Ravi Vukkadala will lead the firm’s investment activities in India

San Francisco-based Community Investment Management has hired a country head for its India operation, just weeks ahead of the nation’s entry into a key global bond index.

Ravi Vukkadala will lead the firm’s investment activities in India as it aims to establish a long-term presence in the country, CIM’s Chief Operating Officer Vivek Krishnappa said in response to an email query from Bloomberg News.

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Vukkadala has about 20 years of experience in investing, according to his LinkedIn profile. Prior to this, he was the chief executive officer at Northern Arc Investments — a Chennai-based fund management company.

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The appointment comes as Indian bonds prepare to debut on JPMorgan Chase & Co.’s emerging market index. The index inclusion goes live on June 28 and foreign inflows into Indian bonds have already hit $10 billion since the announcement in September.

Community Investment Management, a financial services player that offers debt financing to under-served communities, joins global firms that have been on a hiring spree in India.

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The companies are seeking to bring professionals who carved out careers abroad to help expand business in the world’s fastest-growing major economy.

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First Published:22 Jun 2024, 07:35 AM IST
HomeCompaniesNewsCommunity Investment Management hires India head amid $10 billion inflows ahead of key global Bond Index entry

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