The decision to elevate Chandresh would be taken by the board of trustees in a month.
Chandresh Nigam, Head of Investments at Axis Mutual Fund is tipped to be the next CEO of Axis Mutual Fund. The board of Axis Mutual Fund is likely to take a decision to elevate Chandresh in a month’s time, informed sources close to the development.
Rajiv Anand, the current CEO of Axis Mutual Fund is to join Axis Bank as its President of Retail Banking soon. Rajiv was heading the investment team at Standard Chartered Bank before joining Axis Mutual Fund in 2009.
Chandresh Nigam is a mechanical engineer from IIT, Delhi and holds a PGDM from IIM, Kolkata. A well regarded Fund Manager, Chandresh has also worked with TCG Advisory, ICICI Prudential MF and Zurich India MF.
Axis Mutual Fund manages Rs 12,114 crore as on March 2013.
