• Site Last Updated on Wednesday 10 January 2018, 13:22:29 IST

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Mumbai, May 04, 2015 (News Team): LIC Nomura Mutual Fund AMC today announced two major appointments of Saravana Kumar as the Chief Investment Officer-Equity and Debt and Nityanand Prabhu as the Chief Operating Officer.

Saravana Kumar brings with him a rich experience of over 25 years in the financial services industry. He joins the AMC from Trust Investment Advisors where he led the PMS function since January 2014. Prior to this, he was designated as CIO and SVP at Tata AIA Life Insurance Ltd for a period of about 4 years. In the past, he has also been associated with ICICI Bank, SBI Mutual Fund and UTI Mutual Fund in the investment function. Kumar is a BE in Electronics and Communication from Government College of Engineering and PGDM-Finance from IIM Bangalore.

The new COO, Nitayanand Prabhu brings with him an experience of over 22 years. Prior to joining the AMC, he was with ING Investment Management, handling the entire Fund Operations. Earlier to this, he has also worked with ABN AMRO AMC, SUN F&C AMC and Canbank Investment Management Services. He is a Law graduate from Mumbai University.

Speaking on this development, Nilesh Sathe, Director and Chief Executive Officer of LIC Nomura Mutual Fund AMC said, “The AMC has recorded an AAuM growth of 22.24% during the quarter ending March, 2015. We are currently strengthening our core team, geographical reach and product suite in order to offer choice of investments to our valued investors. These new appointments will also help achieve the objectives of the AMC.”

Other articles in Business

Nissan India launches the new Nissan Micra 'Fashion Edition' inspired by Benetton 14 Sep 2017

The IMC Ladies Wing Celebrates 50 Years 22 Jun 2017

Mother Dairy Launches New TVC for its CHILLZ Range of Ice Creams 13 Jun 2017

Havmor Ice Cream announces winners of The Coolest Summer Job campaign 13 Jun 2017

Nissan’s innovative car foam wash saves 6.1 million litres of water in India 09 Jun 2017

- Entire Category -