Swarup Mohanty, who was heading sales at Mirae Asset has been elevated as the CEO of Mirae Asset Mutual Fund with effect from February 1, 2015.
Mohanty succeeds Jisang Yoo who is moving to US in a leadership role.
Mohanty has been with Mirae Asset since July 2011. Under his leadership, the fund house has increased its distribution footprint across the country. He has been instrumental in the growth of the AMC. Currently, the AUM of Mirae Asset is close to Rs.3,100 crore.
Through a press release, Mohanty said, “I thank Mirae Asset Group for putting faith in me and entrusting me with this responsibility. Our funds are doing very well with our AUM growing six fold in the last two years. I am very excited to lead a very dynamic team in this future growth phase of the AMC. We stay committed in creating wealth for our investors.”
“Mirae Asset India has come a long way in the recent years and the AMC is poised for great growth ahead. I am very confident that Swarup will take the company ahead to make it amongst the top 10 AMCs in India,” said Yoo in the press release.
Mohanty is B.com & PGDBM by qualification. He has over 22 years of experience in the field of financial services, including 19 years with AMCs like Franklin Templeton, Birla Sun Life, Religare Invesco and Kotak.
