Union Mutual Fund has roped in Madhu Nair as the chief executive officer of the firm. Nair, who was the head of sales and distribution at HSBC Mutual, will replace G Pradeepkumar, who has led the fund house since its inception in 2010.
Prior to HSBC, he worked with fund houses like Invesco MF, Kotak MF and Kothari Pioneer MF in various sales and distribution roles. Union Mutual Fund is a joint venture of Union Bank of India and Dai-Ichi Life Holdings and managed assets worth Rs 13,595 crore for the quarter ending December 2023.
An email sent to Union Mutual Fund went unanswered, while Madhu Nair could not be reached.
