In its board meeting held today in Mumbai, AMFI elected Nilesh Shah, Managing Director Kotak Mutual Fund as its Chairman, confirmed two officials who attended this meeting. Nilesh has replaced Nimesh Shah, MD & CEO, ICICI Prudential Mutual Fund who was appointed as the AMFI Chairman in 2018.
Saurabh Nanavati, CEO, Invesco MF has been elected as the new Vice Chairman of AMFI.
Last month, AMFI has inducted one new face – Ravi Menon, CEO, HSBC MF as director 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.