Tata Asset Management Ltd, one of India’s oldest private-sector mutual funds, on Friday announced the appointment of Gopal Agrawal as chief investment officer – equities. In his new role, Agrawal will lead Tata’s fund management and equity research teams, besides managing and co-managing several equity funds.
In his last stint at Mirae Asset Global Investments (India) Pvt. Ltd, where he has spent a decade, Agrawal managed equity assets worth Rs 6,573 crore ($975 million then) as of January 2017.
Prior to Mirae, he has worked at HDFC Securities, Kotak Securities, Standard Chartered Securities, IDBI Capital, UTI Securities and SBI Mutual Fund.
Agrawal holds a bachelor’s degree in engineering from NIT, Raipur and an MBA, and he is also a qualified cost accountant (ICWA).
“I look forward to to using my experience and insights in the mutual fund industry,” he said in the statement announcing his appointment.
The mutual fund house also announced the appointment of Murthy Nagarajan as head – fixed income. In his new role, Nagarajan will manage and co-manage fixed income funds, apart from leading the credit research team at Tata AMC.
Nagarajan has two decades’ experience in managing fixed income assets. The announcement marks his return to Tata Mutual Fund, where he started his career in 1999 and worked until 2007.
Nagarajan later worked at Mirae Asset and also served as assistant vice president at PNB Gilts Ltd’s investment department. In November 2013, he moved to Quantum Mutual Fund as head – fixed income.
Tata AMC’s managing director and chief executive R Ganesh said: “They (Agrawal and Nagarajan) have joined Tata Asset Management at a pivotal moment for the mutual fund industry in India which has seen explosive growth in 2016-17.”
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