Tata Mutual Fund has announced the appointment of Prathit Bhobe as the new CEO and Managing Director, said a press release issued by the company.
Bhobe is currently Senior General Manager at ICICI Bank and heads the Retail Liabilities Product, Wealth Management and Private Banking business. His responsibilities include product management for savings account, wealth management, private banking, mutual funds and insurance.
Bhobe who has been with ICICI Bank for more than 11 years, brings with him a rich financial services experience of over 24 years across various areas of banking and wealth creation.
Prior to his tenure at ICICI Bank, Bhobe was with Citibank for 8 years where he successfully ran the Banking vertical in the distribution business.
Saurabh Agrawal, Group CFO and Director Tata Sons Ltd said, “We welcome Prathit joining the TATA group. The asset management business is seeing huge growth and we are confident that Prathit's experience will help the company build the next phase of growth. His experience in distribution and product management will be extremely useful as the group moves towards leadership position in the financial services segment”.