Vinay Paharia resigns as chief investment officer of Union AMC after 5 yrs

AMC promotes Hardick Bora and Sanjay Bembalkar to the position of Co-Heads of Equity

Vinay Paharia has quit Union Asset Management Company (AMC) as its chief investment officer (CIO) after an almost five-year-long stint with the firm.

The fund house has elevated fund managers Hardick Bora and Sanjay Bembalkar to the position of Co-Heads of Equity to fill up for the role vacated by Paharia. The elevation will come into effect from December 2022, while Paharia will leave the company by January-end 2023.

"Both Hardick and Sanjay have been managing funds with us for some time and have been instrumental in institutionalising the investment process. They are also supported by a strong team of