Navneet Munot, MD and CEO of HDFC Asset Management, has been appointed the new chairman of the Association of Mutual Funds in India (AMFI). The body also appointed Anthony Heredia, MD and CEO, Mahindra Manulife Mutual Fund, as its vice chairman. The decision was taken at the recently-concluded board meeting.
“I am hugely excited about the opportunities that lie ahead for the industry. I look forward to collaborating with my industry colleagues and working under the guidance of our regulator SEBI to propel the mutual fund industry to even greater heights," Munot said.
“Together, we'll strive to enhance the financial well-being of our investors and bring greater prosperity to our nation. For AMFI as an organisation, I look forward to continuing the strong legacy and building on the AMFI 2.0 strategy that has been outlined to strengthen AMFI,” he added.
A chartered accountant by profession, Munot also holds a CFA charter and has over three decades of experience in financial services. Heredia is also a chartered accountant with over 26 years of experience in the investment management industry.
“I am delighted to step into the role of AMFI vice chairman. I am eager to work collaboratively with our industry partners and stakeholders to chart a path towards achieving the ambitious goal of managing 100 trillion AUM," Heredia said.
The new appointees will take charge from October 16, 2023.
(Edited by : Shoma Bhattacharjee)
First Published: Oct 10, 2023 8:08 PM IST
