Mr K. N. Atmaramani has retired after serving for seven years as managing director of Tata Mutual Fund. He has been involved with active fund management for more than four decades. He worked for 17 years with UTI and also served as the fund's executive trustee. Prior to that, he worked for 15 years in the investment department of  The New India Assurance Co. Ltd., and for two years with BEST and SBI.

He will be taking over as non-executive chairman of HDFC Securities Ltd., where he is already a director.