The Board Association of Mutual Funds in India (AMFI), the industry association of Asset Management Companies (AMCs) of all Mutual Funds in the country, has elected Mr. Nimesh Shah, MD & CEO, ICICI Prudential AMC, as its new Chairman, at the board meeting held on October 12, 2018.
Mr. Kailash Kulkarni, MD&CEO of L&T Investment Management Ltd will continue as the Vice Chairman of AMFI.
Mr. Nimesh Shah brings with him a rich experience of more than 25 years in banking and financial services industry. Prior to ICICI Prudential AMC, he was associated with ICICI Bank where he handled many responsibilities including project finance, corporate banking, and international banking.
The Board of AMFI comprises of 15 directors, who are the CEOs of various Asset Management Companies of large, mid & small fund houses.