Chennai: The founders of the Indian Institute of Management Ahmedabad (IIMA) Endowment Fund in concert with the Director and Dean (Alumni and External Relations) have appointed alumna Chhavi Moodgal (PGDM, the batch of 2004), as its first CEO.

The Endowment Fund was launched in June 2020 to facilitate IIMA in achieving its strategic objectives and making an even larger impact in the field of education, entrepreneurial leadership, management practice, and public policy.

Moodgal has over 16 years of experience in financial services across asset management, investment banking, and capital markets. She brings corporate relationships as well as execution capability which will help set up the initial framework on which the IIMA Endowment Fund can stand as a long-term enterprise.

The Endowment Fund will work towards formalising and deepening efforts in fund-raising, building engagement amongst alumni and the corporate world, optimally utilising the funds for the betterment of the Institute as well as enhancing its visibility in the global management community.

Welcoming Chhavi, Sandeep Singhal, co-founder, WestBridge Capital and Founding Team Member of IIMA Endowment Fund stated, “The Endowment Fund is poised to make a great contribution to IIMA, and we look forward to the exciting journey ahead with Chhavi as CEO”.

Speaking about her appointment, Chhavi stated, “IIMA is setting a great example to other management institutes by setting up its Endowment Fund, which will benefit the Institute significantly in its long-term financial autonomy and growth”.