Executive movement will stay for some more time in the Rs20 trillion mutual fund industry.
In the latest development, Ajit Menon, Head of Strategy, Tata Mutual Fund, has put in his papers, said sources privy to the development.
Sources said that Ajit is likely to join a private mutual fund house.
An MF industry veteran, Ajit has over 20 years of sales experience. Prior to joining Tata Mutual Fund, he had worked with DSP BlackRock MF, Standard Chartered Bank, Vodafone and Crompton Greaves.
Ajit is known for expanding retail business. Over the years, he has established strong relationship with distribution partners.
Ajit holds degrees in Bachelor of Commerce and Masters in Management Studies from the University of Mumbai.
Recently, R. Ganesh also left Tata Mutual Fund.