Blackstone Credit & Insurance (BXCI) has named Apurva Shah as Managing Director to lead private credit origination in India, its first on-ground appointment in the country, according to a media release on October 8.
Shah will be responsible for developing BXCI’s local private credit capabilities and will report to Mark Glengarry, Head of APAC for Private Credit Strategies. He brings more than 26 years of experience in leveraged finance, securitisations, structuring, and M&A advisory, most recently spending two decades at Deutsche Bank and earlier roles at Citigroup, DSP Merrill Lynch, and Dresdner Kleinwort Benson.
Glengarry said the expansion of private credit capabilities in India was a “natural evolution of the business,” noting that Blackstone has partnered with Indian companies for two decades and now sees opportunities to finance their next phase of growth. He added that Shah’s appointment would support the development of BXCI’s Credit & Insurance team in the market.
The appointment also extends BXCI’s insurance-linked private credit platform into India, adding to its network across Hong Kong, Japan, Australia, and Singapore. Recent regional hires have included Kimberly Kim as Head of APAC Insurance Institutional Client Solutions and Pierre-Emmanuel Brard as Principal for Asian insurance strategy and solutions.
