Mohit Bhatia is Bank of India Mutual Fund’s New CEO
Bank of India Mutual Fund had an average AUM (assets under management) of Rs.3,054.36 at September end, according to industry estimates.
Bank of India Investment Managers Private Ltd in an announcement informed Mohit Bhatia as its new chief executive officer. The appointment shall be effective from 4 October.
With over 26 years of professional experience in mutual funds and financial services industry. He holds expertise in areas of sales and distribution and poses skills such as team building, marketing & branding, building of digital eco-system.
He headed the sales and marketing during his last assignment with Canara Robeco Asset Management Company Ltd. The fund house reached assets under management (AUM) of Rs.50,000 crore during his tenure.
Previously he worked with Franklin Templeton AMC as head–retail advisory services. Along with Alliance Capital AMC, he was the zonal head wealth–North, Axis Bank, India. Also served at DSP Merrill Lynch as Investment Managers head – North India and after that headed the banking channel pan India.
Reacting on his appointment, Bhatia said, “Optimal combination of physical infrastructure and enhancements digital eco-system will fulfil our endeavour to enhance the reach and accessibility of our existing as well as new MF products and investment solutions for our investors and distributors,”
“We will be focused on building a scalable and self-sustaining business model and endeavour to ensure that interests of all stakeholders are adequately addressed through right balance between growth and profitability,” he further added.
Bhatia is a BE (mechanical engineering) and is also an MBA from Management Development Institute (Gurgaon).
Bank of India Investment Managers Private Ltd is a wholly-owned subsidiary of Bank of India. According to estimates by industry, Bank of India Mutual Fund had an average AUM (assets under management) of Rs.3,054.36 at September end.