SBI Funds Management Private Limited (SBIFMPL), a joint venture between State Bank of India (SBI), India’s largest bank, and Amundi, Europe’s largest asset manager, has appointed of Vinay M Tonse as its new Managing Director & Chief Executive Officer of SBI Funds Management Pvt Ltd.
This new appointment will be effective from 24 August 2020. Vinay took over this position from Ashwani Bhatia who is now the new Managing Director of State Bank of India (SBI).
Tonse joined State Bank of India as a Probationary Officer in 1988 and has worked across geographies. In his over three decades of association with State Bank of India, he has was a part of various functions and assignments gaining rich experience in several sections of Commercial banking such as Corporate Credit, Treasury, Retail and International Banking.
Prior to joining SBI Funds Management Private Limited, he was serving as the Chief General Manager of the Chennai circle at State Bank of India (SBI) and was heading SBI’s Business & Operations in the State of Tamil Nadu and Union Territory of Pondicherry. He also headed the operations at SBI Osaka Branch – Japan as CEO for 4 years. In his early days, Tonse also worked as an Officer with SBI’s Singapore office.