SBI Funds Management Limited (SBIFM), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, has named Nand Kishore as its new Managing Director & Chief Executive Officer.
Kishore succeeds Shamsher Singh, bringing over 34 years of extensive experience with State Bank of India (SBI) across diverse banking verticals, including international operations, treasury, corporate banking, and retail banking.
Commencing his career as a Probationary Officer at SBI in 1990, Kishore rose through the ranks to serve as Deputy Managing Director, demonstrating a track record of effective leadership. Prior to this appointment, he held the role of Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he oversaw treasury operations. His notable past roles include Chief Dealer at SBI New York, Deputy General Manager & Chief Operating Officer at Corporate Accounts Group in Delhi, and Chief General Manager of Bengaluru Circle.
Speaking on the occasion, Nand Kishore said, “I am honoured to join SBI Funds Management Limited 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 Limited will continue to achieve new milestones and serve our stakeholders with dedication.”
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SBIFM, offering a broad portfolio across mutual funds, portfolio management services, alternative investment funds, and offshore funds, stands as a leader in India’s financial landscape. Kishore’s appointment is expected to further strengthen its position as a pioneer in the asset management industry.
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