MF Utilities has appointed Ganesh Ram as its MD & CEO. Ganesh will take up the new role and responsibilities from May 3, 2021.
Talking about his new position, Ganesh said, “I am yet to devise a road map but it will evolve around CTC model which stands for cost reduction to MF industry, technology-driven, and channelizing more transactions including unexplored (B30 & beyond) market.”
Ganesh believes that the model will help - (1) Investors and MFDs to create wealth, (2) AMCs to reduce TER (3) Enable more tech-enabled platform & automated processes and (4) Increase B30 penetration.
Prior to this, Ganesh was the Business Head - MF at BSE. Ganesh also headed the operations at KFintech (Erstwhile Karvy Computershare). Earlier, he was associated with Bank of America Merrill Lynch for around 11 years and with GE Capital for around four and a half years.
Ganesh has succeeded V Ramesh, who played an integral role in developing MF Utilities. Ramesh said, “He is retiring from his current stint and will be open to extend his expertise to the BFSI sector as an advisor or independent director.” Ramesh was honoured with the ‘100 Top Most Influential BFSI Leaders’ awards in February 2019.
