Fosun has hired Rahul Raisurana, a former managing director at Standard Chartered Private Equity’s India unit, to head the operation. Raisurana, who quit Standard Chartered in 2013, also served as director and head of credit risk management at Deutsche Bank AG’s India unit.
The sector where we have been spending a lot of time and effort is – financial services. It continues to do well because public sector banks continue to be a spot of bother, they can’t expand. So, you will see far more private banks, non-banking financial services, small banks etc becoming bigger – Ajay Garg, founder, Equirus Capital.