G Pradeep Kumar, CEO, Union KBC MF has been elected as the Vice Chairman of AMFI.
In its board meeting held today in Mumbai, AMFI has elected A. Balasubramanian, CEO, Birla Sun Life MF as its chairman, said two officials who attended this meeting. Balasubramanian has replaced Leo Puri who was appointed as the AMFI Chairman in 2015.
G Pradeepkumar, CEO, Union KBC, MF is now the Vice Chairman of AMFI.
AMFI’s committees were also reconstituted. As the chairman, Balasubramanian will head the financial literacy committee. Nilesh Shah, Managing Director, Kotak MF CEO, has been appointed as the Chairman of the valuation committee. Meanwhile, Sourabh Nanavati, CEO, Invesco will continue to head registration of distributors committee. Sanjay Sapre, President, Franklin Templeton will head operations and compliance committee.
Currently, there are 15 members on AMFI board of which seven are from top ten fund houses and four each from mid and small sized AMCs.
