India-focused Ocean Dial Asset Management has hired equity analysts Ritika Behera and Dhaval Somaiya for its office in Mumbai.
The hires complete the build of the local team, which is led by co-heads of equity Guaran Narain and Tridib Pathak.
Each of the six analysts on the team is responsible for around 25 stocks across the investable universe of 145 companies, known as the House of Ocean Dial (Hood).
Environmental action
In addition to growing its team, Ocean Dial has become a signatory to the United Nations’ Principles of Responsible Investment (PRI), with effect from 1 April 2021.
According to the PRI website, signing up allows organisations to publicly demonstrate their commitment to including environmental, social and governance (ESG) factors in investment decision making and ownership.
London-based analyst and assistant fund manager Shahil Shah will be responsible for integrating ESG analysis into the investment process across the Hood.
