Union AMC appoints Rajkamal Tiwari as interim CEO

Union Asset Management Company (Union AMC) has appointed Rajkamal Tiwari as its interim Chief Executive Officer, effective 11 August 2026. He succeeds Madhukumar Nair.

Tiwari currently serves as the company’s Chief Operating Officer and Chief Financial Officer. His elevation is expected to provide leadership continuity as Union AMC moves into its next phase of growth.

During his tenure at the company, Tiwari has played a significant role across strategy, governance and operations. He brings more than 26 years of experience spanning financial services, capital markets, finance, operations and asset management.

Before joining Union AMC, Tiwari held roles at Principal PNB Asset Management Company, Price Waterhouse and Deloitte Haskins & Sells. He is a Chartered Accountant and holds a Master in Business Finance from the Institute of Chartered Accountants of India, along with degrees in law and commerce.

Commenting on the appointment, Tiwari said the company would continue strengthening its growth journey while maintaining its focus on investors.

“I am honoured by the confidence reposed in me by the Board. Union Mutual Fund has built a strong foundation over the years, and I look forward to working closely with our teams, partners and stakeholders to build on this momentum,” he said.

“We remain committed to serving our investors with integrity, disciplined execution and a long-term perspective.”

Union Mutual Fund is sponsored by Union Bank of India and Daiichi Life Group. As of July 2026, the fund house managed average assets under management of ₹28,540 crore and operated across multiple states and investor locations in India.