Anthony Heredia has taken charge as MD and CEO of Mahindra Manulife Mutual Fund; it is a joint venture of Mahindra & Mahindra Financial Services and Manulife Investment Management (Singapore) Pte. Ltd, which is also known as Mahindra Asset Management Company. He succeeded Ashutosh Bishnoi, who retired on 31st March 2022.
In 2020, Manulife acquired 49% stake in Mahindra Asset Management Company wholly-owned subsidiary of Mahindra & Mahindra Financial Services.