Barings appoints head of Indian equities

Ajay Argal is to join Barings as head of Indian equities, based in Hong Kong.

Reporting to Asia CIO Wilfrid Sit, Argal takes on the role in September.

He was formerly at Birla Sunlife AMC where he was head of offshore equities and managed the India Advantage and Excel India funds.

Prior to this he was with UTI AMC where he was responsible for managing a number of Indian equity funds.

Sit said: “We believe India represents a strong long-term growth story. Domestically, India’s fast growing middle income class is driving a boom for consumer goods, while demand for housing and financial services is likely to remain strong for many years to come as the pace of urbanisation accelerates.

“We are delighted to have Ajay on board. He has a strong track record in managing Indian equity funds and will bring invaluable experience to the team.”