Mohit Bhatia has been named the new chief executive officer of Bank of India Investment Managers Private Ltd, effective as of October 4.
In the fields of sales and distribution, team building, marketing & branding, and the creation of digital eco-systems, Bhatia has more than 26 years of professional expertise.
His most recent position was head of sales and marketing at Canara Robeco Asset Management Company Ltd. The fund firm achieved Rs 50,000 crores in assets under management (AUM) during his leadership.
Prior positions held by him include those as head of retail advisory services at Franklin Templeton AMC, zonal head of wealth at Axis Bank for North India, head of North India for DSP Merrill Lynch Investment Managers, later head of banking channel for all of India, and head of retail advisory services at Alliance Capital AMC.
Bhatia made the following statement on his appointment: “We will work to increase the reach and accessibility of our current and new MF products and investment solutions through an optimal combination of physical infrastructure and improvements in a seamless digital eco-system for our investors and distributors. With the help of our BOI MF team, I would like our AMC to significantly contribute to the SIP/periodic investing landscape over the course of the next three to five years by expanding our distribution network and pursuing product performance consistency supported by strong investment procedures and a strong risk management framework.
“We will be focused on building a scalable and self-sustaining business model and endeavour to ensure that interests of all stakeholders are adequately addressed through right balance between growth and profitability,” he added.
Bhatia graduated from Management Development Institute with a BE in mechanical engineering and an MBA (Gurgaon).
Bank of India’s wholly-owned subsidiary, Bank of India Investment Managers Private Ltd For the quarter of July through September, Bank of India Mutual Fund had an average AUM of $3,054.36 according to industry estimates.