<h1>HDFC Asset Management Sees Senior Leadership Transition as Head of Operations Resigns</h1>
HDFC Asset Management Company Limited announced changes in its senior management personnel, effective following the resignation of a long-serving executive and the reallocation of his responsibilities among existing leaders. The company noted that Mr. V. Suresh Babu, Head -Operations and a Senior Management Personnel (SMP), tendered his resignation to pursue early retirement after a 26-year tenure with the organization.
The Board of Directors approved the change in leadership following recommendations from the Nomination and Remuneration Committee. Mr. Babu's last working day will be September 30, 2026. Throughout his association with the company since its inception, Mr. Suresh Babu headed the Operations team and oversaw Information Technology and Administration functions. He also serves as a Non-Executive Director on the Board of HDFC AMC International (IFSC) Limited in Gandhinagar, Gujarat.
To manage the transition, responsibilities were approved for reallocation to Mr. Sameer Seksaria and Mr. Naozad Sirwalla, both existing Senior Management Personnel at the company.
Mr. Sameer Seksaria, currently Head -Client Services, will be designated as Head -Operations, taking on the Operations and Information Technology functions in addition to his current role. Concurrently, Mr. Naozad Sirwalla, Chief Financial Officer (CFO), has been assigned responsibility for the Administration function. Both Mr. Seksaria and Mr. Sirwalla are set to assume their expanded roles starting October 01, 2026.
The transition details and profiles of the involved personnel are summarized below:
| Particulars | Mr. V. Suresh Babu (Resigning) | Mr. Sameer Seksaria (Client Services) | Mr. Naozad Sirwalla (CFO) |
|---|---|---|---|
| Role Change | Resignation | Re-designated as Head -Operations for Operations and IT functions | Assigned Administration function duties |
| Cessation/Appointment Date | Last working day: September 30, 2026 | Effective from October 01, 2026 | Effective from October 01, 2026 |
| Professional Background | Oversaw Operations, IT, and Administration; associated with the company for 26 years. | Over 28 years experience spanning asset management, insurance, and engineering sectors. Holds a Chartered Financial Analyst certification and B.E. from Jadavpur University. | Over 30 years of experience in consulting, banking, NBFCs, and investment advisory. A qualified Chartered Accountant (AIR 29) and Company Secretary. |
The company conveyed its sincere appreciation for the valuable contributions made by Mr. Suresh Babu during his long association with HDFC Asset Management Company Limited.
HDFCAMC Stock Price Movement
Shares of HDFC Asset Management Company Limited today slipped by 1.71% to settle at ₹2556 after trading concluded. The stock saw a traded volume of 1.04 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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