Baroda BNP MF names Madhu Nair as new CEO

By

, ET BureauLast Updated: Aug 05, 2026, 06:18:00 AM IST

Synopsis

Madhu Nair has been appointed the new chief executive officer of Baroda BNP Paribas Mutual Fund. He will succeed Sanjay Grover, who served as interim CEO since August 2025. Nair brings extensive experience from various sales and distribution roles in the mutual fund industry. Baroda BNP Paribas Mutual Fund is a joint venture between Bank of Baroda and BNP Paribas.

Mumbai:Baroda BNP Paribas Mutual Fund has appointed Madhu Nair as the chief executive officer of the asset manager. Nair will succeed Sanjay Grover, who has been on interim deputation from Bank of Baroda since Suresh Soni left the fund house in August 2025.

Baroda BNP Paribas Mutual Fund is a joint venture between Bank of Baroda and Parisbased BNP Paribas, with shareholdings of 50.1% and 49.9%, respectively. Before joining Union Mutual Fund, Nair worked in various sales and distribution roles across fund houses, including HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mutual Fund and Kothari Pioneer Mutual Fund.

Emails sent to Baroda BNP Paribas Mutual Fund and Union Mutual Fund did not elicit any response till the time of going to print.