Sundaram Mutual has announced the exit of Director and Head of Equities Satish Ramanathan with effect from December 7, 2012.

A release from the fund house said that Ramanathan, who co-managed Sundaram Select Midcap for Sundaram Mutual, would exit the group but remain associated with the company in the immediate future.

This is to ensure a smooth transition of his responsibilities, added the release.

Sundaram Mutual has already transitioned the fund managed by him and a successor to him will be appointed shortly.

(This article was published on December 7, 2012)
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