BlackRock Inc. has appointed Maheshwar Nataraj to lead its private credit business in the fast-growing India market.
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Nataraj has been leading the firm’s sourcing and managing private credit investment in India, which poses “exciting opportunities,” according to a company spokesperson’s statement.
BlackRock’s director for private credit in India Dhruva Agarwal, who has been with the firm for four years, is leaving due to family reasons, the spokesperson added.
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Banks and private credit funds have been ramping up staffing in Asia, including India, anticipating rapid growth in the region.
Late last year, HSBC hired Boomish Gopalakrishnan as director of private credit to lead the bank’s private credit business in ASEAN and India.
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In November, Hillhouse’s private credit business Elham Credit Partners recruited Supriya Kumar as executive director in Mumbai.
