Aureos Capital has announced the appointment of Meleveetil Damodaran, the former Chairman of the Indian Securities and Exchange Board, as a Senior Adviser to its forthcoming India fund.
Mr. Damodaran held the position of Chairman of the Securities and Exchange Board (SEBI), the country's financial market watchdog, until February 2008.
He was previously Joint Secretary (Banking Division) in the Ministry of Finance during the 1990s, a position he held for five years.
had a distinguished career in the Indian civil service, where he
held several other senior positions.
Since leaving SEBI he
has taken on some non-executive directorships companies, including ING Vysya Bank
, Hero MotoCorp
(previously Hero Honda Motors), Tech Mahindra
and Mahindra Satyam.
He is also an independent consultant, coach and mentor.
In 2001 Mr Damodaran was appointed Head of the Industrial Development Bank of India (IDBI), a position he held simultaneously with his role as Chairman of the Unit Trust of India (UTI) Asset Management Company.
is credited with restoring both organisations back to good health.
Balaji Srinivas, Managing Partner, Aureos India, comments: "We are looking forward to working with Mr Damodaran on our new India fund.