Investcorp appoints Mark Mobius as adviser to India advisory board

File image of Mark Mobius (Source: CNBC)

Investcorp, a leading global alternative investment firm, said on February 28 that it had appointed emerging markets veteran Mark Mobius as an adviser to its India operations.

Mobius, the founding partner of Mobius Capital Partners LLP and formerly the Head of Emerging Markets at Franklin Templeton, has spent over 40 years working and investing in emerging and frontier markets and has been in charge of actively managed funds totaling over $50 billion in assets.

The appointment of Mobius adds a unique blend of investment expertise and market knowledge to Investcorp’s India advisory board, Investcorp said in its release.

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"I am delighted to be a part of Investcorp’s India advisory board. The firm has performed incredibly well and has delivered beyond expectations. Indian entrepreneurs and the market, both, have wonderful potential. Investcorp has an impeccable team to spot winners. I look forward to working with the team in exploring and expanding investment opportunities in India,” Mark Mobius commented.

In Franklin Templeton, Mobius spent 30 years and during his tenure the group expanded its assets under management from $100 million to over $40 billion and launched several emerging market and frontier funds focusing on Asia, Latin America, Africa and Eastern Europe.

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“It is an honour to welcome Mark Mobius to our India advisory board. As we look to accelerate our growth in India, Mark’s wisdom, foresight and years of invaluable financial acumen will be crucial to our journey. As several of Investcorp’s Indian portfolio companies may exit via public markets over the next few years, we will benefit from Mark’s unparalleled insights as a leading public equities investor,” said Rishi Kapoor, Co-Chief Executive Officer at Investcorp.