Mumbai, June 26: ING Investment Management Asia Pacific has appointed Nityanand Prabhu as Acting CEO of ING Investment Management (IM) India, said the company in a statement.

Prabhu's appointment followed the resignation of CEO Navin Suri, who has decided to continue his career outside India due to family commitments.

Before this, Prabhu was executing the responsibility of Chief Operating Officer. He has been with ING IM India for five years. He has over 20 years of rich cross-functional experience in the Indian asset management industry.

He was with ABN Amro Asset Management, heading operations and technology functions, prior to joining ING. He also has worked with TATA, Sun F&C and Canara Robeco Asset Management companies.

On his departure, Suri said, “I am proud of this business, and how much it has accomplished over the past several years.  I believe that the business is strongly positioned to continue this positive momentum."

Meanwhile, Suri will be working with Prabhu to ensure a smooth transition.