by Suman Gupta
Mumbai, 14th March, 2024: Union Asset Management Company Private Limited (Union AMC) announces the appointment of Mr. Madhu Nair as the Chief Executive Officer (CEO) of Union Asset Management Company Private Limited. Mr. Madhu Nair, a Harvard Business School alumni comes with over 25 years of rich and diverse experience across various market segments. He brings in a wealth of expertise and was instrumental in building up Asset Management Companies like HSBC, Invesco and Kotak, during his career span of two and a half decades.
The appointment of Mr. Nair follows the resignation of Mr. G Pradeepkumar, who served as the CEO of Union AMC. Mr. Pradeepkumar has been an integral part of Union AMC for the past 14 years, since 2010, and has played a pivotal role in steering the company towards growth and success during his tenure.
Reflecting on his time at Union AMC, Mr. G Pradeepkumar, outgoing CEO, expressed gratitude for the opportunity to lead the fund house for over a decade. Mr. Pradeepkumar expressed confidence in Union Mutual Fund’s ability to achieve new heights under its new leadership.
Mr. Madhu Nair, the newly appointed CEO, expressed his enthusiasm for the opportunity, stating, ” Entering this role, I’m deeply committed to driving growth and fostering a culture where every individual’s potential is realized. Together, we’ll chart a course that not only meets the challenges of today but anticipates the opportunities of tomorrow. The objective is to build a strong investment led platform which will enable products and services which can help retail and institutional investors to achieve happy outcomes and benefit from India’s Amrit Kaal era. In order to achieve the same and reach the nook and corner of the country, we will work along with all the external and internal stakeholders like distribution partners, digital platforms, industry associations, employees, shareholders and board members.”
Union AMC looks forward to leveraging Mr. Nair’s leadership and vision to drive Union Mutual Fund towards continued success and prosperity.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Statutory Details: Constitution: Union Mutual Fund has been set up as a Trust under the Indian Trusts Act, 1882; Sponsors: Union Bank of India and Dai-ichi Life Holdings, Inc.; Trustee: Union Trustee Company Private Limited, [Corporate Identity Number (CIN):U65923MH2009PTC198198], a company incorporated under the Companies Act, 1956 with a limited liability; Investment Manager: Union Asset Management Company Private Limited, [Corporate Identity Number (CIN): U65923MH2009PTC198201], a company incorporated under the Companies Act, 1956 with a limited liability. Registered Office: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059. Toll Free No. 18002002268/18005722268 Non-Toll Free. 022-67483333 Fax No: 022-67483401 Website: www.unionmf.com Email: investorcare@unionmf.com
