HDFC AMC board approves re-appointment of Navneet Munot as MD and CEO for 5 years effective July 1

HDFC AMC MD & CEO Navneet Munot's term has been extended by another five years, the company said in an exchange filing on June 7.  This extension, will be in effect from July 1, 2024 upto June 30, 2029, "subject to
the approval of the shareholders of the Company at the ensuing Annual General Meeting", said the company in a stock exchange filing.

Munot has over three decades of experience. He joined HDFC AMC as MD and CEO in February 2021. The mutual fund veteran was previously associated with SBI Funds Management Private Limited as an Executive Director and Chief Investment Officer. Prior to that, he has held positions with Morgan Stanley Investment Management He had also worked with Morgan Stanley Investment Management as an Executive Director and head of multi-strategy boutique and Birla Growth Fund.

Also read: HDFC AMC Q4 results: Net profit rises 43% to Rs 540 crore

He has also held the position of chairman, Association of Mutual Funds (AMFI) since 2023.  He has a masters degree in Accountancy and Business
Statistics and is a qualified Chartered Accountant.