Darshan Chavan Appointed CISO at Mirae Asset Mutual Fund to Fortify Digital Security Framework

Mirae Asset Mutual Fund (India) appoints Darshan Chavan as Chief Information Security Officer, entrusting him with architecting enterprise-grade cybersecurity defenses, information security strategy, and risk management frameworks critical for the asset manager’s digital transformation and SEBI regulatory compliance. Based in Mumbai, Chavan’s leadership arrives amid escalating cyber threats targeting ₹60 lakh crore+ AUM industry, where data breaches could trigger systemic financial contagion.
Chavan steps in as CISO at Canara Robeco Mutual Fund (2021-2026), building on consecutive InfoSec leadership roles at SBI Mutual Fund (2015-2021) and Nippon India Mutual Fund (2007-2015). His 25+ years of experience span the evolution of IT security at Sify Technologies, Raheja Universal, and Tata Tele Business Services, providing a battle-tested perspective on legacy-to-cloud migrations, API security, and zero-trust implementations.
Mirae Asset, managing ₹2.5 lakh crore AUM with 15% YoY growth, prioritises Chavan’s expertise fortifying investor portals, algorithmic trading platforms, and distributor ecosystems against ransomware, insider threats, and supply-chain attacks. His mandate aligns with RBI/SEBI cybersecurity directives mandating real-time threat intelligence, annual penetration testing, and incident response orchestration.
Chavan’s mutual fund pedigree uniquely equips him to navigate sector-specific risks: KYC data protection under the DPDP Act, algorithmic trading surveillance, and third-party risk from 50K+ distributors. Previous roles scaled security operations 4x at SBI MF while achieving zero major incidents during the COVID digital surge.
This appointment reinforces Mirae Asset’s technology-first strategy, competing with HDFC/UTI in fintech-enabled wealth management, positioning digital resilience as a competitive moat.