JM Financial Credit Solutions Limited

MR. Hariharan Aiyar

Non Executive Vice Chairman
Mr. Hari Aiyar is the Non-Executive Vice Chairman of JM Financial Credit Solutions Limited, an NBFC focused on real estate and promoter lending. JM Financial Limited partnered with First Finance, co-founded by Mr. Aiyar, to build JM Financial Credit Solutions Limited.

Mr. Aiyar co-founded First Finance with long-time Morgan Stanley and Old Lane colleague Mr. Vikram Pandit, ex-CEO of Citigroup, to identify, strategically invest in and manage credit intermediaries that capitalize on marketspaces created by the changing role of banks in the financial system.

Mr. Aiyar has had a broad business exposure. In 1990, he started his career as a Financial Analyst in the Investment Banking Division of Morgan Stanley and Company in New York. From 1991-1993, Mr. Aiyar played a key role in the establishment of Corporate Finance Coverage for Indian corporations and government agencies and completed the first Global Depository Receipts offering for Reliance Industries.

After graduating from Harvard Business School, Mr. Aiyar re-joined Morgan Stanley in proprietary trading in New York to manage Emerging Markets Special Situations. In 1999, Mr. Aiyar formalized the governance structures relating to private equity investing, founded and subsequently headed up the Strategic Trading Initiatives and Investments Group, a major profit center for Morgan Stanley’s Equity Division. Until he left in 2005, he designed the strategy for Morgan Stanley’s investments in electronic markets and exchanges, financial software and asset managers and helped develop a number of companies in all stages of the life cycle, including Algorithmics Inc.; The BRUT LLC; The Philadelphia Stock Exchange (PHLX); and the largest stock options marketplace (International Securities Exchange) in the world.

In 2005, Mr. Aiyar became a Founding Member of Old Lane Partners, a global asset management company and is Managing Partner of the Indian Advisor to Citigroup Alternative Investments / Napier Park Global Capital, the Manager and General Partner of the Old Lane India Opportunities Funds. In these roles, Mr. Aiyar has been spearheading private investments and asset-backed finance for infrastructure and real-estate projects and companies located in India.

Mr. Aiyar earned his A.B. in 1990 magna cum laude from Columbia University and, in 1995, his M.B.A. with Distinction from Harvard Business School.