India Infoline Asset Management names Prashasta Seth to replace Gopinath Natarajan as CEO.

India Infoline Asset Management, the asset management arm of India-based IIFL Group, has announced a new chief executive.

Prashasta Seth assumes the CEO post with immediate effect and replaces Gopinath Natarajan, who has been appointed as the head of equity advisory services at the parent firm. 

Seth has been with the company for the past six years, managing and advising pooled assets and client portfolios, particularly on investment strategies, generating stock ideas and creating research reports. He brings more than 14 years of experience to his new post. Prior to IIFL, he headed Irevna, a financial research and analytics firm, and worked for JP Morgan in London.

IIFL AMC was established in 2010 and acts as an investment manager to IIFL Mutual Fund and IIFL Alternative Fund. Its parent company, IIFL Group, is one of the largest financial services companies in India with around 3,500 business locations and over a million clients through different channels.