ICICI Prudential AMC appoints Anindya Banerjee as Non-Executive Director
- ICICI Prudential AMC accepted Sidharatha Mishra's resignation as Non-Executive Director on October 5, 2026
- Anindya Banerjee appointed as Non-Executive Director effective October 6, 2026, subject to shareholder approval
- Mishra cited his appointment at ICICI Life Insurance Limited as the reason for leaving the board
- Banerjee previously served as Group CFO of ICICI Bank since May 2022
*this image is generated using AI for illustrative purposes only.
ICICI Prudential Asset Management Company Limited announced a change in its board composition on October 5, 2026. The company accepted the resignation of Sidharatha Mishra as Non-Executive Director and approved the appointment of Anindya Banerjee to the same role, effective October 6, 2026.
The board acted through a circular resolution based on the recommendation of the Nomination and Remuneration Committee. Mishra’s resignation took effect from the closure of business hours on October 5, 2026. In his resignation letter, he cited his appointment at ICICI Life Insurance Limited as the reason for stepping down from the asset management firm's board.
New director profile
Anindya Banerjee joins the board as a Non-Executive (Additional) Director. His appointment is subject to approval by the shareholders of the company. The disclosure confirms that Banerjee is not debarred from holding office by any order of the Securities and Exchange Board of India or other authorities.
Banerjee is a chartered accountant who joined the ICICI Group in 1998. His career spans corporate banking, planning, strategy, investor relations, and financial reporting. He previously served as the Group Chief Financial Officer of ICICI Bank from May 2022, overseeing financial reporting, asset-liability management, ESG, and CSR.
Board transition details
The following table summarizes the key details of the board change as disclosed in the regulatory filing:
| Detail | Outgoing Director | Incoming Director |
|---|---|---|
| Name | Sidharatha Mishra | Anindya Banerjee |
| Role | Non-Executive Director | Non-Executive (Additional) Director |
| Effective Date | October 5, 2026 | October 6, 2026 |
| Reason | Resignation due to new role at ICICI Life | Appointment via circular resolution |
This transition reflects a strategic alignment within the broader ICICI Group, moving a senior finance executive from the banking arm to oversee governance at the asset management subsidiary. The filing was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for ICICI Prudential Asset Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.75% | -3.41% | +0.76% | +7.15% | +18.38% | +18.38% |
How might Anindya Banerjee's background in ESG and financial reporting influence ICICI Prudential AMC's sustainability investment strategies?
Will the appointment of a former ICICI Bank CFO to the AMC board lead to deeper product integration between the bank's wealth management and the asset management arm?
What impact could this leadership shift have on ICICI Prudential AMC's governance standards regarding related-party transactions within the ICICI Group?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
