Ex-ICICI Chief Mrinal Singh set to join InCred AMC as CIO and CEO

InCred Asset Management is the fund management arm of the InCred group. The company has announced the appointment of Mrinal Singh as its CIO and CEO. Mrinal was presently the Deputy CIO at ICICI Prudential AMC. He has been with ICICI Prudential for more than 12 years. He has proven instrumental in setting up its research processes, product strategy, as well as business and talent development during his journey. This comes after the company appointed famous fund manager Punita Kumar Sinha as Chairperson. Recently, it also acquired midcap equity AIF/PMS Vishuddha Capital.

Following the merger of InCred’s investment banking business with MAPE; the acquisition of CGS-CIMB securities to create InCred equities; this appointment marks the next major step forward to establish InCred as a full-service financial platform in India.

About Mrinal Singh

Mrinal spearheaded ICICI Prudential’s equities investment across multiple funds. It generated industry-leading performances with the AUM of the flagship fund directly managed by him. Thus, it grew from $200mn to $2.5bn in a span of 10 years. He has a strong reputation in the market for his research-based stock-picking approach and his long-term investment philosophy.

With Mrinal coming on board, InCred Asset Management will aim to provide differentiated investment ideas across asset classes to establish itself in the rapidly growing Indian fund management industry. It aims to cater to the investment needs of Indian investors both for onshore and offshore products. Further, it eyes the global audience looking to invest in the India growth story.

Talking about the appointment, Bhupinder Singh, Founder & CEO of InCred Group, said “Mrinal has a phenomenal reputation in the Indian Asset Management industry. I am confident that with his long-term investment philosophy, focus on delivering sustainable returns over cycles, and passion for business building. We will see InCred Asset Management establish itself as a force to reckon with in the asset management market.“