ICICI Prudential
Asset Management Company Ltd. (IPAMC/ the Company) is the joint venture between
ICICI Bank, a well-known and trusted name in financial services in India and
Prudential Plc, one of UK’s largest players in the financial services sectors.
IPAMC was incorporated in the year 1993. The Company in a span of over 18 years
since inception and just over 13 years of the Joint Venture, has forged a
position of preeminence in the Indian Mutual Fund industry as the second largest
asset management company in the country, contributing significantly to the
growth of the Indian mutual fund industry.
The Company manages
significant Mutual Fund Asset Under Management (AUM), in addition to Portfolio
Management Services and International Advisory Mandates for clients across
international markets in asset classes like Debt, Equity and Real Estate with
primary focus on risk adjusted returns.
IPAMC has witnessed substantial
growth in scale. From merely 2 locations and 6 employees during inception to the
current strength of over 700 employees with reach across around 150 locations,
the growth momentum of the Company has been exponential. The organization today
is an ideal mix of investment expertise, resource bandwidth & process
orientation. IPAMC’s Endeavour is to bridge the gap between savings &
investments to help create long term wealth and value for investors through
innovation, consistency and sustained risk adjusted performance.
Sponsors
ICICI Bank is India’s largest
private sector bank with total assets of Rs. 5,367.95 billion (US$ 99 billion)
at March 31, 2013 and profit after tax Rs. 83.25 billion (US$ 1,533 million) for
the year ended March 31, 2013. The Bank has a network of 3,611 branches and
11,162 ATMs in India, and has a presence in 19 countries, including India.
ICICI Bank offers a wide range of banking products and financial
services to corporate and retail customers through a variety of delivery
channels and through its specialised subsidiaries in the areas of investment
banking, life and non-life insurance, venture capital and asset management.
The Bank currently has subsidiaries in the United Kingdom, Russia and
Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka,
Qatar and Dubai International Finance Centre and representative offices in
United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and
Indonesia. Our UK subsidiary has established branches in Belgium and
Germany.
ICICI Bank’s equity shares are listed in India on Bombay Stock
Exchange and the National Stock Exchange of India Limited and its American
Depositary Receipts (ADRs) are listed on the New York Stock Exchange
(NYSE).Prudential plc of the United Kingdom is not affiliated in any manner with
Prudential Financial, Inc., a company whose principal place of business is in
the United States of America.
Prudential plc is an international
financial services group with significant operations in Asia, the US and the UK.
We serve more than 23 million insurance customers and have £427 billion of
assets under management.
Understanding and responding to our customers’
needs is at the heart of our business. It is something we have been doing for
over 160 years. We generate sustainable value for our shareholders through a
relentless focus on meeting our customers’ savings, income and protection needs
and a disciplined approach to investing in the most profitable growth
opportunities.
The Group is structured around four main business
units:
Prudential Corporation Asia
(PCA)
Prudential is a leading life insurer that spans 12
markets in Asia, covering Cambodia, China, Hong Kong, India, Indonesia, Japan,
Korea, Malaysia, The Philippines, Singapore, Taiwan, Thailand and Vietnam. With
more than 350,000 agents across the region, Prudential has a robust
multi-channel distribution platform providing a comprehensive range of savings,
investment and protection products. Eastspring Investments manages investments
across Asia on behalf of a wide range of retail and institutional investors,
with about half of its assets sourced from life and pension products sold by
Prudential plc. It is one of the region’s largest asset managers with operations
in 11 Asian markets and the United States. It has £53.8 billion in assets under
management (as at 30 June 2012), managing funds across a wide range of asset
classes including equities and fixed income.
Jackson National
Life Insurance Company
Jackson is one of the largest life
insurance companies in the US, providing retirement savings and income solutions
with more than 2.9 million policies and contracts in force. Jackson is also one
of the top three providers of variable annuities in the US. Founded 50 years
ago, Jackson has a long and successful record of providing advisers with the
products, tools and support to design effective retirement solutions for their
clients.
Prudential UK & Europe (PUE)
Prudential UK is a leading life and pensions provider to approximately 7 million
customers in the United Kingdom. Their expertise in areas such as longevity,
risk management and multi-asset investment, together with our financial strength
and highly respected brand, means that the business is strongly positioned to
continue pursuing a value-driven strategy built around our core strengths in
with-profits and annuities. M&G M&G is Prudential’s UK and European fund
management business with total assets under management of £204 billion (at 30
June 2012).
M&G
has been investing money
for individual and institutional clients for over 80 years. Today it is one of
Europe’s largest active investment managers as well as being a powerhouse in
fixed income.
