AMFI will start scouting for the new CEO as C VR Rajendran has left the trade body last week.
Around a month back, RBI has approved the appointment of Rajendran as the new MD & CEO of Catholic Syrian Bank for a tenure of three years.
Rajendran had joined AMFI in September 2015. He succeeded H N Sinor. During Rajendrans tenure, the mutual fund industry has had to deal with sweeping regulatory changes and a challenging business environment. Nevertheless, the industry has witnessed a growth of 23% in its AUM i.e. from Rs.13.24 lakh crore in October 2015 to Rs. 16.28 lakh crore as on October 2016.
Typically, AMFI invites applications from candidates having a minimum experience of 25 years in the financial markets with at least five years of experience in the role of a CEO or whole time director.