CA Media India CEO Rajesh Kamat has been elevated to Group Chief Operating Officer (COO) of CA Media, the Asian investment arm of The Chernin Group, LLC (TCG).
In his new role, Kamat will relocate to Singapore and report into Paul Aiello, CA Media Group’s Hong Kong-based CEO. Core to his new responsibilities, Kamat will provide strategic guidance to the group’s existing portfolio investments in the region. He will also support Aiello in identifying and managing growth opportunities for CA Media in Asia.
“Given what Rajesh has accomplished with CA Media in India, I am confident in his abilities to take on this expanded regional role for CA Media throughout Asia. We look forward to the contributions he will make,” said Aiello.
Kamat will continue to oversee CA Media operations in India while the senior management team – Vivek Raicha and Rishi Negi – will continue to lead their respective domains, as Head of India Investments and Head of India Investee Operations.
Both directly and through CA Media, TCG has made significant investments in the U.S., Europe and Asia. CA Media will continue to focus on supporting the growth of its existing portfolio of investments, while seeking to expand its position in India and other important emerging markets in Asia, said an official release.
Peter Chernin, Chairman, The Chernin Group noted, “As we move into our next phase of growth, it is critical to have a structure that supports our operations and continued expansion plans in Asia. Rajesh’s new expanded role in the region will help the group achieve this objective.”
“Moving from a country role to a region profile is both, exciting as well as challenging given the diversity of the key Asian markets and our unique portfolio of assets. I look forward to the challenge ahead,” said Kamat.
Kamat will assume his new role and responsibilities in Singapore starting April 2014.
Over the last three years, CA Media India has built a strong portfolio of growth investments in the Indian media and entertainment space, including television and film production, live music events, youth media, digital content, intellectual property and graphic novels, added the release.
CA Media India’s current investments include strategic stakes in Endemol India, Only Much Louder (OML), Graphic India, and a wholly-owned online influencer network, FLUENCE.
e27 has reached out to CA Media for more details on the development and its key focus markets in Southeast Asia. Watch this space for more.