In its board meeting held last Friday in Mumbai, AMFI has elected Nimesh Shah, Managing Director and CEO, ICICI Prudential Mutual Fund as its Chairman, confirmed two officials who attended this meeting. Shah has replaced A Balasubramanian, CEO, Aditya Birla Mutual Fund who was appointed as the AMFI Chairman in 2016.
Kailash Kulkarni, CEO, L&T MF will continue to be the Vice Chairman of AMFI for the second consecutive year.
There has been only one change in the AMFI committees. Radhika Gupta, CEO, Edelweiss Mutual Fund will now head registration of distributors committee.
Last month, AMFI has inducted three new faces - G Pradeep Kumar, Prathit Bhobe and Vishal Kapoor as directors on its board.
Currently, there are 15 members in AMFI board of which seven are from the top ten fund houses and four each from mid and small sized AMCs.
