Paladin Strategic Advisory Group Member Confirmed as Next US Ambassador to India

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The US Senate has unanimously approved Richard Verma as the new US ambassador to India, the first Indian-American to step into that role.

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Paladin Capital Group is pleased to announce that Richard Verma has been sworn in as the new US Ambassador to India after the US Senate unanimously confirmed President Obama’s nomination of Mr. Verma. As anticipated and in concert with policy, he has resigned his position on Paladin’s Strategic Advisory Group.

"On behalf of Paladin Capital Group, I congratulate Richard Verma on being sworn in as the next US Ambassador to India," said Michael Steed, Founder and Managing Partner at Paladin.

“We wish Rich the best of luck. We know that he will represent the interests of the United States with great energy and resolve,” said Lt. General Kenneth Minihan USAF (Ret.), Managing Director at Paladin. “America will benefit greatly having a person of Rich’s intelligence and experience handling the relations between one of the largest democracies in the world and the United States.”

Most recently, Mr. Verma was an Assistant Secretary of State in the Obama Administration where he was a senior member of Secretary Clinton’s team. Earlier in his career, Mr. Verma served as the National Security Advisor to the Senate Majority Leader, Harry Reid, playing a lead role over five years in shaping many consequential legislative initiatives involving counterterrorism, homeland security, and intelligence reform.

Mr. Verma is a veteran of the US Air Force, where he served on active duty as a Judge Advocate. He is a member of the Council on Foreign Relations, and serves on the Boards of the National Democratic Institute and Human Rights First. He is the recipient of the State Department's Distinguished Service Award, and was a key member of President Obama’s National Security Campaign team in 2012, as well as the Department of Defense Transition Team in 2008. Mr. Verma holds degrees from the Georgetown University Law Center, American University's Washington College of Law, and Lehigh University.

Mr. Verma has worked for more than two decades in international law and senior-level U.S. government positions guiding both senior government leadership and private enterprises through the complex fields of national security law, international regulatory compliance, and public policy. He currently serves as Senior Counselor to the Albright Stonebridge Group as well as the global law firm of Steptoe & Johnson LLP.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm comprised of individuals with a proven track record of financial expertise, and national security experience. Paladin is an experienced investor in cyber security technologies and solutions worldwide having completed 38 cyber investments over the last decade. Paladin provides capital and strategic guidance to growing companies in the IT, and telecommunications sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers.

Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 60 portfolio companies. For more information, visit http://www.paladincapgroup.com.

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