Axis Asset Management Company Ltd (AXIS AMC), the asset management arm of India’s third largest private sector bank, AXIS Bank, announced the appointment of Chandresh Nigam as its Managing Director and Chief Executive officer (MD & CEO).
Nigam has been heading the Investments at AXIS AMC with overall responsibility for managing products across asset classes A Mechanical Engineer from IIT Delhi and a PGDM from IIM Calcutta, Nigam has over 2 decades of experience in Managing Equities. Before joining AXIS AMC, Chandresh was managing TCG IndiaStar funds for The Chatterjee Group. He had also worked as Senior fund manager, Equities in Prudential ICICI AMC as well as in Zurich AMC.
Welcoming Nigam to his new role, Shikha Sharma, Managing Director and CEO, Axis Bank said, “We are delighted to have Chandresh in his new role. His deep knowledge and rich experience in the area of investments and that too across various markets will indeed help our asset management business attain leadership position in the years to come.”
Commenting on his appointment, Chandresh Nigam said, “I am very happy and excited about my new responsibility. Axis AMC has come a long way since its inception 3 and half years ago. While the mutual fund industry has witnessed lower than expected growth, the future is bright and Axis AMC is well positioned to participate in the growth opportunity on back of its strong parentage, well performing suite of products and distribution reach. Axis AMC has been demonstrating effective risk management across its product range and delivering superior risk adjusted returns to its investors. This we believe is the key to being perceived as a preferred partner by investors for meeting their long term investment needs”.
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