Iyer served as the chief executive officer of investments and strategy at Kotak Alternate Asset Managers Ltd. She is set to join Bajaj Finserv Ltd., according to these sources.
Kotak Alternate oversees approximately $20 billion, with over $6 billion allocated across 14 private credit funds, Iyer mentioned in an April interview with Bloomberg News. The majority of the assets come from overseas investors, including family offices and affluent individuals.
Representatives from Kotak Mahindra and Bajaj Group did not respond immediately to requests for comments. Iyer also did not reply to a message seeking her input.
Bajaj Finserv, led by Sanjiv Bajaj, is a financial conglomerate primarily focused on retail credit, including consumer loans.
The company has established Bajaj Finserv Asset Management Ltd, which is one of the more recent fund managers to emerge in India.
In April, Rajeev Jain, CEO of Bajaj Finance, was appointed as an additional director of Bajaj Finserv. He also holds the position of vice chairman at Bajaj Finance Ltd.
