Naval Bir Kumar, the earlier President and CEO of IDFC MF, has assumed a bigger role in the IDFC group.
Kalpen Parekh, the former Deputy CEO of IDFC Mutual
Fund, has taken over as CEO since 24 May 2012, according to sources at the fund
house. Naval Bir Kumar, President and CEO of IDFC MF, will assume a bigger role
at an IDFC group company.
Kalpen joined IDFC Mutual Fund as Deputy CEO in November 2010. Prior to joining IDFC MF, Kalpen was heading the sales & distribution functions at Birla Sun Life Mutual Fund. Earlier, Kalpen was joint head—retail sales & distribution, ICICI Prudential AMC.
He has over a decade of experience in retail sales and distribution. Kalpen is an MBA in Finance from Narsee Monjee Institute of Management Studies.
IDFC Mutual Fund is the 10th largest fund house, and manages Rs 25,450 crore as on March 2012.
