Axis Asset Management Company has appointed B Gopkumar, the managing director and chief executive officer at Axis Securities, as the new CEO of leading fund house Axis Mutual Fund. Gopkumar takes over from Chandresh Nigam who has stepped down as the CEO of the company.

• Axis MF has been plagued by the front-running scandal that came to light when the fund house sacked its chief dealer Viresh Joshi in May 2022 in a shocking case of suspected front-running.
• This was followed by income tax raids at Joshi’s premises and Joshi suing his former employer for wrongful termination.
• Recently, capital markets regulator Sebi barred 21 entities, including Axis Mutual Fund's former fund manager Viresh Joshi, from the securities market in connection with the front-running case at the fund house.