SBI Funds Management Ltd on Thursday appointed Shamsher Singh as the managing director and chief executive officer of the company.
Singh, who was deputy managing director at State Bank of India (SBI), takes over the charge following Vinay M Tonse’s return to the public sector lender.
In a statement given by the property management company.
Singh has over 32 years of rich experience working with SBI across various verticals including Investment Banking, Treasury, Corporate Banking and Branch Banking. He joined SBI as a Probationary Officer in June 1990 and rose through the ranks to become Deputy MD, successfully holding leadership roles in various domains besides serving international operations in the US, Bahrain and UAE.
“It’s a huge responsibility to manage the growth dynamics of the No. 1 mutual fund house in the country… As a market leader, our goal is to get more local investors thinking about their mutual funds as we reach their financial goals. For our offerings to investors in our portfolio management services, alternative investment funds and our offshore funds. Singh said.
SBI Fund Management is a joint venture between SBI and Amundi, Europe’s largest wealth manager.
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