Jaideep had joined Baroda Pioneer in July 2012.
Managing Director of Baroda Pioneer AMC Jaideep Bhattacharya has
resigned effective July 24, 2014 for personal reasons, said a press statement issued
by the fund house.
In the interim, Kiran Deshpande (Chief Operating Officer, BPAMC) and Mahmood Basha (Head of Sales, BPAMC) will be jointly leading the BPAMC operations working closely with Jack Lin, Head of Asia and Middle East for Pioneer Investments, who is also Chairman of BPAMC.
Commenting on this development, Jack Lin said, “India is a highly strategic market for Pioneer Investments and one which offers tremendous growth potential. We remain committed to supporting and further growing our business here as well as providing a high level of service to our clients. We have a number of highly competitive investment strategies and a strong team in place who will continue to be the contact points for supporting our clients.”
S.S. Mundra, Chairman & Managing Director, Bank of Baroda and a member of the BPAMC board commented, “BPAMC has made good progress over the years and the business continues to see its assets grow. Through our wide network of 4902 branches, combined with Pioneer’s global expertise, we are committed to providing our customer base with quality products and solutions.”
Jaideep had joined Baroda Pioneer in July 2012 after quitting UTI.
Baroda Pioneer manages assets under management of Rs. 8,176 crore as on June 2014.
