Financial Daily from THE HINDU group of publications
Wednesday, Feb 11, 2004
Financial Daily from THE HINDU group of publications Wednesday, Feb 11, 2004 |
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Markets
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Mutual Funds Ajay Bagga to join Kotak Mahindra MF Nilanjan Dey
Kolkata , Feb. 10 MR Ajay Bagga, who was sales and distribution head at the erstwhile Kothari Pioneer MF, is slated to join Kotak Mahindra MF as its CEO. He is expected to take up his new assignment soon, Kotak sources indicate. Mr Bagga will be expected to lead the Kotak Mahindra MF to its next level of growth. The fund, now overseen by Mr C. Jayaram, ED of Kotak Mahindra Bank, has in recent times unfolded ambitious plans to grow in size and stature. This is reflected in some of the products it has lately introduced. A former Citibank functionary, Mr Bagga had been with Kothari Pioneer during the latter's last days, joining it some time before it was taken over by Franklin Templeton, an acquisition that helped the latter emerge among the country's top three private fund houses. The new CEO will lead a team of old and new Kotak hands.
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