Private equity firm Advent International has poached Shweta Jalan from ICICI Venture as a director in its soon-to-be-opened Mumbai office. Advent has recently received the necessary approvals from Indian regulators to set up shop in India.
In July, the financial sponsor appointed P Jayendra Nayak to advise on investment opportunities in India with a focus on the financial services sector. Nayak was until recently chairman and CEO of Axis Bank formerly UTI Bank, the third largest private sector bank in India.
Jalan was most recently a director in the private equity investments group at one of India's largest domestic financial sponsors, ICICI Venture, where she focused on companies in the manufacturing, engineering...
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