Nippon Life India Asset Management Limited announced that Mr. Hemen Bhatia has tendered his resignation to pursue his interests outside the Company and his last day of service in the Company will be December 8, 2023. Mr. Arun Sundaresan (senior managerial personnel) will be taking charge as Head ETF w.e.f. December 01, 2023. Arun Sundaresan will be internally moved as Head ­ ETF from 1st December 2023.

Before this movement, he was working in the capacity of Head - Product Management Group, at Nippon Life India Asset Management Limited. He has a total work experience of around 20 years, all in the financial services Industry, with the last 19 years in Nippon India Mutual Fund. He has held various positions in the Sales & Distribution function and has had a stint at the corporate strategy function before taking up the Head- Product Management role.

His current profile primarily involves developing and promoting investor- friendly mutual fund products and features. He has done his BE (Hons) Chemical from BITS, Pilani and followed it up with Post Graduate Diploma in Entrepreneurial Management (PGDEM) from T.A.Pai Management Institute, Manipal. He has also earned the right to use the CFA (Chartered Financial Analyst) charter from the CFA Institute, USA.