ARGA believes client interests are best served by an organizational structure that is independent and values-driven. As an employee-owned firm, ARGA’s values are shared philosophically, operationally and financially across our global team. Key values include:

Trust is our most precious asset
Individual contribution is unique, teamwork makes it special
Non-hierarchical environment brings out our best



ARGA’s culture is an extension of our investment process. ARGA’s internal and external goals are the same: maximize long-term results. We believe these results are best achieved through systematic execution of our valuation-based investment approach. Process consistency and teamwork are key. Our culture supports this goal through:

Daily global research meetings
Open debate of assumptions and analyses
Pairing of analysts with diverse expertise
Emphasis on training and coaching
Highest standards of performance excellence


Team Members

Peter Carman, Chairman (Non-Executive)

Mr. Carman has over 40 years in senior leadership positions with global asset management firms, including:

Co-Chairman and Global Chief Investment Officer at Citigroup Asset Management
Senior Managing Director - Equities at Putnam Investments
Chief Investment Officer at AllianceBernstein
Chief Investment Officer at First National Bank of Denver

He has an MBA from Harvard University and a BA from Brown University.

A. Rama Krishna, CFA, Founder and Chief Investment Officer

Mr. Krishna has successfully built asset management businesses around the world, including:

President - International at Pzena Investment Management
Chief Investment Officer and Head - Institutional and International at Citigroup Asset Management, Member of Citigroup Management Committee
Director of International Equity Research, Portfolio Manager, International Equities and Chief Investment Officer, Emerging Markets Equities at AllianceBernstein in New York, London and Tokyo

He has a joint MBA/MA in Asian Studies from University of Michigan and a BA (Honors) in Economics from St. Stephen’s College, University of Delhi.

Steve Morrow, CFA, Director of Research

Mr. Morrow has over 25 years experience overseeing global investment research, including:

Portfolio Manager - Global Proprietary Trading at Bank of America Merrill Lynch
Partner and Portfolio Manager at Cumberland Associates
Managing Director, Portfolio Manager/Equity Research Analyst at Citigroup Asset Management

He has an MBA from Cornell University and a BS in Business Administration from University of New Hampshire.

ARGA’s Research Team encompasses about 20 research professionals located in our offices in the US and India. Research analysts are business analysts, not stock pickers. Most have significant experience (average 14+ years) analyzing businesses across geographies and sectors. To broaden research perspectives, we hire and develop a diverse team with various cultural, academic, and business backgrounds. Team members come from both developed and emerging market countries, and many speak multiple languages. This allows us to understand and communicate closely with the global companies we consider, buy and monitor for client portfolios. The Portfolio Construction Team for each strategy, drawn from our Research Team, implements the investment process.
ARGA’s Operations Team, located alongside our Research Team in offices in the US and India, supports our investment professionals in executing our disciplined investment process. Using state-of-the-art order management and trading platforms, we emphasize controls and compliance. We also partner with top-tier service providers to ensure the investment process functions most effectively and efficiently.
Client Relations
ARGA’s Client Relations Team supports our investment professionals to build long-term relationships based on trust. Client service is tailored to specific needs of our sophisticated client base, whose institutional decision-making processes and long-term investment horizons suit our valuation-based investment approach. This investment focus contributes to a stable asset base amid changing market environments.



ARGA is proud to be an Equal Employment Opportunity and Affirmative Action employer. We celebrate diversity and are committed to maintaining an inclusive environment for all employees.