Mahindra Manulife Mutual Fund, a joint venture of Mahindra & Mahindra Financial Services Limited ("Mahindra Finance") and Manulife Investment Management (Singapore) Pte. Ltd. has announced appointment of Mr. Anthony Heredia as the Managing Director and Chief Executive Officer of Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Pvt. Ltd.), Investment Manager of Mahindra Manulife Mutual Fund, effective 1st April 2022. Mr. Heredia will succeed Mr. Ashutosh Bishnoi, who retired on 31st March 2022.
Anthony brings with him more than 26 years of rich experience in the fund industry throughout his career handling a variety of leadership roles. He brings with him a diverse experience of managing both retail as well as institutional sales across domestic and offshore markets.
Speaking on the appointment, Ramesh Iyer, VC & MD, Mahindra Finance said, "We are excited to welcome Anthony Heredia to the Mahindra Manulife with his extensive experience in fund management industry. Mahindra Manulife Mutual Fund will look forward to capitalizing on his experience and leadership to explore newer and attractive opportunities. I would also like to place on record the enormous contribution made by Ashutosh during his stint and in helping us expand our presence across Tier 2&3 cities across India".
Gianni Fiacco, Head of Emerging Markets, Wealth and Asset Management, Manulife Investment Management mentioned, "From the establishment of the joint venture, Ashutosh has done exceedingly well to bring the best of Mahindra and Manulife together, building a strong team and sowing the seeds for our continued growth. We wish him all the best and continued success. We are extremely pleased to have Anthony join us and with the depth of experience he brings, lead Mahindra Manulife to new heights".
Mahindra Manulife Mutual Fund has seen commendable achievements on all fronts viz. digital transformation, institutionalizing robust organizational and people processes and constantly pushing the envelope when it comes to exploring new products, geographies, etc.
Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 159.15 as compared to the previous close of Rs. 158.20. The total number of shares traded during the day was 304595 in over 2488 trades.
The stock hit an intraday high of Rs. 162.00 and intraday low of 157.35. The net turnover during the day was Rs. 48731312.00.