Tata Mutual Fund has appointed R Ganesh as its new Managing Director & Chief Executive Officer, said a press release issued by the fund house. Ganesh will be assuming office at Tata AMC on 29 June, 2015.
He will take over from Arvind Sethi, who was appointed as the MD & CEO in December 2012. “My three year term got over so I’ll be moving to Delhi. The company is doing better now. The transition was smooth. I have no plans to join another fund house as of now,” Arvind Sethi told Cafemutual.
In a press release, F N Subedar, Chairman of Tata AMC said, “We are grateful to Arvind Sethi for his leadership and contribution as he leaves the company on a sound footing on its journey to become one of the leading and most respected names in the industry. The company is going through an interesting growth phase and Ganesh's appointment comes at the opportune time. He brings with him a rich global experience of growing organizations. His ability to lead high performing teams to the next level of excellence and growth will benefit our organization”
Ganesh brings over two decades of global experience across various leadership roles in global asset management and financial services industry. His previous professional role was Managing Director with Blackrock Inc. He spent over 14 years managing global business operations including portfolio administration for institutional clients across locations in US, India and EMEA. He was responsible for performance measurement, portfolio valuation, custody operations and client reporting for institutional portfolios of over $ 1.5 trillion. He started his career with ICICI and Mees Pierson Curacao NV (Netherlands Antilles) prior to joining Birla Capital International AMC, managers for Birla Mutual Fund. He became the first Chief Executive Officer for Birla Capital International AMC Ltd. During his tenure at Birla Capital, Birla Mutual Fund launched several mutual fund schemes, pioneering the entry of private sector mutual funds in India, stated the release.
Ganesh is a B.Com (Hons) gold medalist, holds a Masters in Commerce from Mumbai University, Certified Public Accountant (CPA), from Washington State USA, Chartered Accountant (ACA), Cost Accountant (ACWA) and a Company Secretary (ACS) from India.
On his appointment, Ganesh said, “I look forward to returning to India and joining the Tata Group. These are exciting times, where India is considered to be one of the prominent landscapes in the world for growth and development across all avenues. It is a privilege to represent such a trusted corporate brand. We have a highly experienced team and I am positive that we will leverage this opportunity and offer innovative investment products and consistent superior returns to the investor. I am delighted to take on the opportunity to lead Tata Mutual Fund and build on foundations that are already in place.”
During Arvind’s tenure the AUM of Tata MF went up from Rs. 19,742 crore in December 2012 to Rs. 26,968 crore as on March 2015.
