He took charge from former Chairman of Tata MF Farrokh Kavarana.
Farokh Subedar has been appointed as Chairman of Tata Mutual Fund, according to a press release issued by the company on Friday. He took charge from former Chairman of Tata MF Farrokh Kavarana with effect from June 11, 2013.
Kavarana, who was with Tata MF for over 12 years, retired having attained the retirement age of 70 years.
In addition to his current executive responsibility as Chief Operating Officer of Tata Sons, Subedar is the Vice Chairman of Tata Investment Corporation and a Director on the boards of several Tata companies, including Tata Capital, Tata Capital Financial Services and Tata AIG General Insurance Company in the financial services sector, said the company press release.
Subedar is a qualified chartered accountant and company secretary. Subedar has also served as the Chairman of the Direct Taxation Committee of the Bombay Chambers of Commerce and Industry.
Tata Mutual Fund has assets under management of Rs. 21,954 crore as on March 31, 2014.
