Religare Asset Management Company has appointed Mr. Saurabh Nanavati as the Chief Executive Officer of the AMC. The decision forms a part of the restructuring process which the AMC is undergoing after acquiring Lotus AMC. Mr. Ajay Bagga, the existing CEO of Lotus AMC would step down.
Mr. Saurabh Nanavati has an extensive work experience. He has worked with HDFC Standard Life Insurance and Deutsche Mutual Fund earlier.