The chief executive officers (CEO) of two fund houses have resigned recently. While Anthony Heredia left BOI AXA MF on February 24, Saurabh Jain ceased to be the MD and CEO of Navi MF from February 28, as per notices issued by the two fund houses.
Navi MF has made fund manager Hari Shyamsunder as the new CEO. At BOI AXA MF, N Chandrasekaran has taken over as the interim CEO. He was previously the Senior Vice President, Head – Operations, Customer Services & IT at BOI AXA.
Saurabh Jain is still a part of the Navi Group. "Jain will be moving to another role within the Navi Group where he will lead a new business vertical," Navi MF said in a press release.
Jain is part of SEBI's Mutual Fund Advisory Committee.
Anthony Heredia may soon join another mutual fund as CEO. As per reports, Heredia is headed to Mahindra Manulife MF, where he will be replacing Ashutosh Bishnoi as the CEO.
Anthony Heredia and Saurabh Jain could not be reached for comments till the time of writing this piece.
