Former KKR India Chief Executive Sanjay Nayar, a well-known name in the global financial markets, has assumed charge as President of industry chamber Assocham.

• He has replaced Ajay Singh, Co-Founder of low-cost airline SpiceJet, who has completed his tenure at the apex industry chamber.
• Nayar, who is now Founder and Chairman, Sorin Investment Fund, brings with him an experience of four decades in global financial and capital markets, including 25 years at Citi and nearly 14 at KKR, before retiring last year.
• He had established KKR India operations in 2009 after leaving Citigroup.