HDFC Asset Management Company (AMC) has announced Navneet Munot as the new Managing Director & CEO. Munot, currently the Chief Investment Officer (CIO) at SBI Mutual Fund, will be succeeding Milind the current MD Milind Barve.

"The Board of Directors is pleased to inform that at its meeting held on November 16, 2020 has approved that Mr. Navneet Munot will be appointed as Managing Director & CEO of the Company and he will succeed the present Managing Director, Mr. Milind Barve," the company said in a stock exchange filing.

On this development, MD and CEO of SBI Funds Management, Vinay Tonse said, "Navneet has been part of this team of skilled and experienced senior fund managers and has overseen many of their achievements. We value his contribution to the organization and wish him the best in all his future endeavours." 

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