Birla Hires Abu Dhabi Fund’s Vora to Head Offshore Business
Birla Sun Life Asset Management Co., the Indian venture of Canada’s third-largest insurer, has hired Mihir Vora to manage its offshore equity funds.
Vora, who has worked at the Abu Dhabi Investment Authority since March 2009, will manage 35 billion rupees ($686 million) at the Indian asset manager.
Saman Khan, a spokeswoman for Birla Sun Life, a venture between Indian billionaire Kumar Mangalam Birla’s Aditya Birla Group and Sun Life Financial Inc. (SLF), confirmed the hiring in an e- mail today.
Vora replaces Ajay Argal, who quit Birla Sun Life to join Baring Asset Management Asia Ltd. Argal joined Baring in Hong Kong in November, according to a statement from the company last year. Vora didn’t respond to an e-mail seeking comment and couldn’t be reached on his mobile phone.
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