Chief executive officer (CEO) Sunil Subramaniam has been elevated as managing director of Sundaram Asset Management Company Limited.
His elevation takes effect from Tuesday i.e. June 26.
Mr. Subramaniam succeeds Harsha Viji.
Mr. Sunil is also on the board of Sundaram Asset Management Singapore Pte. Ltd.
During the past 3 years, Sundaram Asset Management’s AUM grew more than 72% from ₹ 22,169 crore on July 1, 2015 to ₹ 38,166 crore on May 31, 2018. Its folios grew by 33%, and its presence went up from 50 to 89 locations.
“We are growing on all fronts but my focus going forward will continue to be the retail investor,” Mr. Subramaniam said.
Mr. Subramaniam joined Sundaram Asset Management Company in September 2005. In his tenure spanning over twelve years, he has held crucial positions and played a key role in the growth of the company.