Madhu Nair named CEO of Union Mutual Fund

Union Mutual Fund has appointed Madhu Nair as the chief executive officer of the asset manager. Nair will succeed G Pradeepkumar, who has led the fund house since its inception in 2010.

Nair who was earlier the head of sales and distribution at HSBC Mutual Fund has worked with fund houses like Invesco MF, Kotak MF and Kothari Pioneer MF in various sales and distribution roles.

An email sent to Union Mutual Fund was unanswered, while Nair could not be reached for comment.

Union MF is a joint venture of Union Bank of India and Dai-Ichi Life Holdings and managed assets worth 13,595 crore for the quarter ended December 2023.