SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO
New Delhi/IBNS: SBI Funds Management Limited (SBIFML), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, Thursday announced the appointment of Shamsher Singh as MD & CEO of SBI Funds Management Limited.
Shamsher Singh, Deputy Managing Director of State Bank of India takes over as the Managing Director & Chief Executive Officer of SBI Funds Management Limited from Vinay M Tonse consequent to his repatriation to State Bank of India.
Singh has more than 32 years of rich experience working with the State Bank of India in various verticals including Investment Banking, Treasury, Corporate Banking and Branch Banking.
He joined the State Bank of India as Probationary Officer in June 1990 and moved up the ranks to become Deputy Managing Director by successfully managing leadership roles across domains besides serving international stints in US, Bahrain, and U.A.E.
Before his deputation to SBIFML, he was heading the Ahmedabad Circle of SBI as Chief General Manager from November 2020 and was responsible for driving business growth & ensuring regulatory compliance across 1400+ branches of SBI.
He spearheaded SBI’s retail business operations across the state of Gujarat and Union Territory of Dadra and Nagar Haveli & Daman and Diu.
Speaking on this occasion, Singh said, “It is an honour to be a part of SBI Funds Management Limited and a huge responsibility to manage the growth dynamics of the No. 1 mutual fund house in the country. One which offers best-in-class investment solutions through a process-driven approach which is high on transparency, convenience, and value creation.
"I will continue to work towards our mission of being an Ethical, Responsive and Innovative Partner in Investment Solutions while consistently delivering value to our investors and distribution partners."
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Antonio Guterres ‘encouraged’ after Hamas indicates willingness to release Israeli hostages
Indian dental student shot dead at gas station in US
MedSage expands footprint with new branch in Rampurhat
Bangladesh interim govt faces international criticisms over human rights violations
