Mumbai, 18th February, 2016: LIC Nomura Mutual Fund Asset Management Company today announced the appointment of Mr. Rajesh Patwardhan as its new Chief Marketing Officer, effective immediately.
Mr. Patwardhan brings with him a rich experience of over 28 years, out of which 22 years are in financial industry. He joins the AMC from Deutsche Asset Management (India) Private Ltd where he served the company as the Head Sales for Banks & National Distributors for 12 years. Prior to that, he was with ICICI Bank for 2 years as Regional Head Sales for Mumbai handling a large team of managers both in the Institutional and Retail Sales for Third Party products. He has also been associated with Tata TD Waterhouse Securities Ltd and Vans Information & Investor Services Ltd.
“As we focus on growth and profitability, with our improved and stable investment performance along with variety of products, we are confident of becoming a preferred investment partner for the investing public. As a part of the process, we have also strengthened our core team by appointing experts from the industry. So it was important to find the right person to lead and grow our marketing efforts, and we are enormously excited to welcome Rajesh to the team. Mr. Patwardhan’s extensive background in the financial industry will help evolve our marketing capabilities, renew our iconic brand” said Ms. Sarojini Dikhale, Director & Chief Executive Officer, LIC Nomura Mutual Fund.
He holds a Bachelor’s Degree in Science (Microbiology) with Post Graduation in Marketing Management from Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai University.
The Fund house is expanding its reach through retail penetration. LIC Nomura Mutual Fund has emerged as the fastest growing mutual fund company in terms of AAUM by witnessing 62.55% growth for the quarter Oct –Dec 2015 as compared to the previous year quarter Oct –Dec 2014. The company has seen a remarkable increase in the AAUM growth which is 41.5% higher vis-a-vis the industry growth which has been recorded at just 21.05%.