Baroda Pioneer AMC Appoints Anthony Heredia as CEO

Baroda Pioneer Asset Management Company Limited (“Baroda Pioneer AMC”) today announced the appointment of Anthony Heredia as its Chief Executive Officer effective 3^rd August 2015. The appointment of Mr. Anthony Heredia is a significant step towards strengthening the management team of Baroda Pioneer AMC. Mr. Heredia was the Managing Director of Morgan Stanley Investment Management Private Limited (MSIM) and was associated with the firm since 2007.

Commenting on this development, Jack Lin, Chairman, Baroda Pioneer AMC said, “We are pleased to have Anthony Heredia on board. His long-standing experience with leading MNCs in the asset management industry will be instrumental in helping us further fortify and build our business in India. With ever-changing dynamics and the growth momentum visible in India, we are sure that the appointment of Anthony Heredia will help Baroda Pioneer AMC grow to the next level. His wealth of expertise and experience with global AMCs will strengthen and grow Baroda Pioneer to one of the most sought after fund houses in the country.”

Mr. Anthony Heredia added, “I am pleased and enthused to be a part of Baroda Pioneer Mutual fund.  The global expertise of Pioneer Investments combined with the heritage and presence of one of India's largest banks, Bank of Baroda should enable us to take the business to the next level. I look forward to a long association with the fund house.”

Mr. Heredia started his career in 1995 with Birla Sun Life Asset Management. He was the Assistant Vice President for Business Development and was associated with them till 2001. His next career move was to HSBC Asset Management India as Head of Sales and Distribution, where he served for 6 years. Mr. Anthony Heredia joined Morgan Stanley Investment Management Private Limited (MSIM) in 2007 as Executive Director & Head of Sales and Marketing, and was soon promoted to the position of Chief Executive Officer in 2008.

Mr. Anthony Heredia is an All India rank holder Chartered Accountant and holds a graduate degree from the University of Mumbai. He has over 19 years of experience in investment management in the Indian asset management industry. Mr. Heredia loves traveling and enjoys watching soccer in his leisure time.

About Baroda Pioneer Asset Management Company Limited:

Baroda Pioneer Asset Management Company Limited is a joint venture between two large and well-established financial services companies - Bank of Baroda and Pioneer Investments. Baroda Pioneer Mutual Fund is positioned to serve the varied asset management needs of investors in India through a range of equity, debt and money market offerings. Since the formation of the joint venture in 2008, Baroda Pioneer has been working to create an operational and servicing platform well suited to the exacting requirements of our existing and potential investors. The company operates out of 40 locations in India and managed average assets of about INR 7224.64 cr for the quarter ended June 2015.

Visit us at www.barodapioneer.in