Shweta Jalan skips from ICICI Venture to Advent

Private equity firm Advent International poaches Shweta Jalan from ICICI Venture, shortly after receiving approval to open an India office.

Private equity firm Advent International has poached Shweta Jalan from ICICI Venture as a director in its soon-to-be-opened Mumbai office. Advent has recently received the necessary approvals from Indian regulators to set up shop in India.

In July, the financial sponsor appointed P Jayendra Nayak to advise on investment opportunities in India with a focus on the financial services sector. Nayak was until recently chairman and CEO of Axis Bank formerly UTI Bank, the third largest private...

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