BlackRock hires Mumbai-based MD for Asian credit deal sourcing

Rajat Agrawal will help the firm develop its India strategy as it raises its first Pan-Asian opportunistic fund.

BlackRock has hired Rajat Agrawal, a former senior risk executive for DBS India, as its first Mumbai-based managing director in the firm’s Asian private credit team.

The new hire will seek to develop a strategy for opportunistic credit, including distressed and non-performing loans, sourcing and assessing investment pipelines in India.