Quant hires mutual fund industry outsider as next CEO
Subscribe to enjoy similar stories. Quant Mutual Fund confirmed it has appointed a new chief executive in an effort to decouple the CEO and CIO (chief investment officer) functions currently held by founder Sandeep Tandon. The new chief executive, who is set to join in April 2025, is a mutual fund industry outsider – from a global financial conglomerate – according to a source.
“We have closed the appointment of a chief executive officer, who is someone with strong regional and global experience. We expect the CEO to join us by April 2025," Quant said in its latest factsheet. It did not disclose more details to comply with regulations.
The asset management company (AMC) has hired six people for top management roles in the past nine months, including chief financial officer & director, chief operations officer, head of investor services, and head of operations. Most of them were hired from other AMCs. Also read | Quant Mutual Fund: The untold story behind Sandeep Tandon’s rise Quant’s new CFO & director Shashi Kataria and head of operations Premprakash Dubey will be joining from Parag Parikh AMC.
Usha Lakshmi Raman, who was previously with SBI AMC, will come on board as chief compliance officer and head of internal controls. Sudha Biju, who will head investor services, and Yogesh Kuwadare, who has been appointed as a professional consultant to conduct a process review, are joining from HDFC AMC. Sameer Kate, who previously covered equity and derivative and trading for Indian mutual funds and foreign firms at Investec Capital will join as a money manager, according to Quant’s December factsheet.
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