SBI Funds Management, a joint venture between the State Bank of India (SBI) and Amundi, one of Europe’s leading asset managers, has announced the appointment of Nand Kishore as its new Managing Director and Chief Executive Officer. Kishore succeeds Shamsher Singh in this pivotal role.
Extensive Experience in Banking and Finance
With over 34 years of experience at SBI, Kishore has excelled across various banking verticals, including:
- Branch Banking
- International Operations
- Treasury and Investment Banking
- Corporate and Retail Banking
He began his journey as a probationary officer at SBI in 1990 and steadily climbed the ranks, culminating in his role as Deputy Managing Director before this appointment.
Key Roles and Contributions
Prior to joining SBI Funds Management (SBIFM), Kishore served as Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he managed the bank’s extensive treasury operations. His leadership track record includes notable positions such as:
- Chief Dealer at SBI New York
- Deputy General Manager and COO of Corporate Accounts Group in Delhi
- Deputy General Manager (Interest Rate Markets) in Mumbai
- General Manager at Corporate Accounts Group, BKC, Mumbai
- Chief General Manager of Bengaluru Circle
Vision for the Future
In his new role, Kishore aims to enhance SBIFM’s market leadership. He expressed his commitment, stating:
“I am honoured to join SBI Funds Management and lead the largest fund house in the country. Our goal is to not just be a market leader but a market maker, expanding our reach and influence to become the first port of call for investors. We offer a comprehensive range of services across Mutual Funds, Portfolio Management Services, Alternative Investment Funds, Offshore Funds, and GIFT City, catering to Retail, High Net Worth Individuals, Corporates, and Institutional Investors. As I embark on this new journey, I am confident that our team at SBI Funds Management will continue to achieve new milestones and serve our stakeholders with dedication.”
Impact on SBI Funds Management
Under Kishore’s leadership, SBI Funds Management is expected to strengthen its position as a leading player in India’s asset management industry. His strategic vision will focus on expanding services and reaching a broader investor base, including retail, high-net-worth individuals (HNIs), and institutional investors.
This leadership transition marks a significant milestone for SBIFM, reinforcing its commitment to growth, innovation, and stakeholder satisfaction in the dynamic Indian financial market.
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