Tata Asset Management has appointed R Ganesh as the Chief Executive Officer & Managing Director of the company. He will take over from Arvind Sethi, who had been appointed as the MD & CEO in December 2012, transitioning from his earlier position as an Independent Director of the company.
In this role, R Ganesh would be responsible for steering the growth of the organization as it continues to be positioned as a respected asset management organization in India with strategic presence in chosen segments. Ganesh will be assuming office at Tata Asset Management on June 29, 2015.
Ganesh brings over two decades of rich global experience across various leadership roles in global asset management and financial services industry. His previous professional role was Managing Director with Blackrock Inc., the world's largest asset manager. 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 dollars.
He started his career with ICICI and MeesPierson 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. During his tenure at Birla Capital, Birla Mutual Fund launched several mutual fund schemes, pioneering the entry of private sector mutual funds in India.
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.
F N Subedar, Chairman of Tata Asset Management 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 R 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.'
On his appointment, Ganesh stated, '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.'
