N S Venkatesh appointed new CEO of Amfi

Venkatesh is executive director and chief financial officer of Lakshmi Vilas Bank

After nearly a year, India's mutual fund lobby Association of Mutual Funds in India (Amfi) is set to get its chief executive officer (CEO), after C V R Rajendran vacated the post, midway last year.

N S Venkatesh, executive director and chief financial officer of Lakshmi Vilas Bank is likely to join Amfi later this month, said fund executives.

In a notification to BSE, Lakhmi Vilas Bank said that Venkatesh had put in his resignation on Wednesday and the board has accepted it. His last day at the bank will be October, 21.

Amfi has been hunting for a new CEO for quite some time after Rajendran left while half way through in his tenure.