ABSLAMC Appoints Hemen Bhatia as Head - Passives, Senior Management Personnel
ABSLAMC appointed Mr. Hemen Bhatia as Head - Passives and Senior Management Personnel, effective June 23, 2026. Bhatia has over 20 years of experience in the mutual fund industry, specializing in ETFs and passive business. He will lead the strategy and growth of ABSLAMC's passive business.
The appointment of a key personnel in a growing segment like passive funds is likely to have a medium-term impact on the company's strategic direction and business growth.
The appointment of an experienced professional like Mr. Hemen Bhatia to lead the passive business is a positive development for the company, indicating a strategic focus on growth in this segment.
Aditya Birla Sun Life AMC Limited (ABSLAMC) announced the appointment of Mr. Hemen Bhatia as Head - Passives and a Senior Management Personnel of the Company. This appointment was approved by the Board of Directors via a Circular Resolution passed on June 22, 2026, and is effective from June 23, 2026.
Mr. Bhatia brings over 20 years of experience in the Indian mutual fund industry, with significant expertise in ETFs and the passive business. Previously, he served as Executive Director & CEO of Angel One AMC, where he led the development of the firm's passive asset management business. He also held the position of Head of ETF Business at Nippon Life India AMC, contributing to the substantial growth of their passive business. Earlier in his career, he was part of the team at Benchmark AMC, which introduced ETFs in India, and played a role in establishing the CPSE ETF at Goldman Sachs AMC.
In his new role at ABSLAMC, Mr. Bhatia will be responsible for the strategy and growth of the company's passive business. His focus will be on expanding ETF and index fund offerings, improving liquidity and investor participation, and strengthening engagement with both institutional and retail investors. This appointment underscores the company's strategic emphasis on accelerating growth in the passive investing segment.
Mr. Bhatia holds a Master of Management Studies (Finance) degree from Mumbai University.
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