ed-bernard-on-t-rowe-prices-investment-in-indias-uti

Ed Bernard on T Rowe Price's investment in India's UTI

Ed Bernard, vice-chairman of T Rowe Price, discusses the Baltimore firm's investment in Indian asset management company Unit Trust of India.
 Ed Bernard
Ed Bernard

In January, Baltimore-based asset manager T Rowe Price acquired a 26% stake in India's largest fund manager, Unit Trust of India, for Rs6.5 billion $142.4 million. The acquisition was achieved via a sell-down of 6.5% by each of UTI's four original shareholders, State Bank of India, Punjab National Bank, Bank of Baroda and the Life Insurance Corporation of India.

We talk to Edward Bernard about the deal. Bernard is vice-chairman of the board of directors of T Rowe Price Group, a member of the firm's management committee and chairman of the T Rowe Price mutual funds.

What is the strategic rationale underlying the partnership between T Rowe Price and UTI
We believe...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222