Union AMC appoints Harshad Patwardhan as CIO

Union AMC announced the appointment of Harshad Patwardhan as the Chief Investment Officer (CIO). From 2006 to 2016, Patwardhan served as the CIO of Equities India at JPMorgan (JPM) Asset Management, where he also was a member of JPM’s offshore India equity team. Subsequently, he spent five years as the CIO of Edelweiss AMC before transitioning to Girik Wealth Advisors as the CIO.

“We are delighted to welcome Harshad Patwardhan to our leadership team,” said G Pradeepkumar, Chief Executive Officer at Union AMC. “His deep-rooted understanding of Capital Markets and the investment process aligns perfectly with our mission to deliver consistent, long-term value to our clients. We are confident that his leadership will play a key role in enhancing the fund’s performance and maintaining our commitment to creating value for our investors.”

Patwardhan said, “I am excited to join Union AMC and look forward to working closely with the leadership team. I am confident that we can build further on the excellent work done by the investment team. I see a great opportunity to further enhance our offerings’ quality, scale, and scope and work closely with our distribution partners to help our investors achieve their financial goals.”

Union Mutual Fund is co-sponsored by Union Bank of India and Dai-ichi Life Holdings, Inc. The Average Assets under Management (AUM) of Union Mutual Fund for the quarter ended June 30, 2023 was Rs 10,765 crore. This fund house currently offers 22 funds.