Tata Asset Management has appointed Anand Vardarajan as Chief Executive Officer and Managing Director, following the exit of Prathit Bhobe, who stepped down from the role with effect from 7 July 2026.
Vardarajan, who takes over from 10 July, has been part of Tata Asset Management’s leadership team since 2018 and most recently served as Chief Business Officer. He brings more than 24 years of experience across banking, wealth management and financial services, and has previously held leadership roles at ICICI Bank and Citibank.
As part of the leadership transition, the company has also elevated Hemant Kumar as Chief Business Officer. Kumar, who earlier served as Chief Distribution and Digital Officer, will now oversee retail, institutional businesses, products, alliances, digital and data functions.
Commenting on the appointments, Rajiv Sabharwal, Chairman of Tata Asset Management Private Limited, said, “These appointments reflect the strength of Tata Asset Management’s leadership bench and our commitment to developing internal talent. Anand’s leadership experience and deep understanding of the business, along with Hemant’s proven track record in driving distribution and business growth, position the company well for its next phase of growth. We thank Prathit for his valuable contributions and wish him the very best for the future.”
