Multiples Alternate Asset Management has hired Sharad Bhatia, former chief executive officer of Phoenix ARC Pvt. Mumbai: Multiples Alternate Asset Management Pvt. Before that, he worked with Phoenix ARC, Kotak Mahindra Group’s asset reconstruction arm, for about five years. Bhatia has more than three decades of experience in the financial industry, having started his career with ICICI where he held several key positions in investment banking, asset management, special asset management and project appraisal. Multiples now manages about $1 billion, having invested in 11 companies from its first fund and three companies from its second fund, according to its website.

Source: Mint September 20, 2016 18:00 UTC