The financial services conglomerate, with its extensive network of agents and branches, could help cut the reliance on third-party distributors.
Last week, the Securities and Exchange Board of India granted final approval to Bajaj Finserv to launch its mutual funds business. The long-awaited clearance comes over a year after the capital markets regulator granted an in-principle licence to the financial services group to set up an asset management company.
Bajaj Finserv Asset Management Ltd has, in this time, been silently building its team. It has appointed Ganesh Mohan, the former head of corporate strategy at Bajaj Finserv, as the chief executive officer. Other significant hires include former ICICI Prudential AMC executive Aniruddha Chaudhuri as sales head and Canara Robeco MF’s …
Ashwin covered fintech and banking at The Morning Context. Previously, he was at The Economic Times, where he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.
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ashwin@mailtmc.com
Delhi