R Ganesh has been appointed as the chief executive officer and managing director of Tata Asset Management. He will take over from Arvind Sethi, who had been appointed as the MD and CEO in December 2012, transitioning from his earlier position as an independent director of the company.

In this role, Mr Ganesh would be responsible for steering the growth of the organization he will be assuming office at Tata Asset Management on June 29, 2015.

Mr Ganesh brings over two decades of rich global experience across various leadership roles in global asset management and financial services industry. His previous professional role was managing director with Blackrock Inc., the world’s largest asset manager.

He spent over 14 years managing global business operations including portfolio administration for institutional clients across locations in US, India and EMEA. He was responsible for performance measurement, portfolio valuation, custody operations and client reporting for institutional portfolios of over US$1.5 trillion.