SBI Funds Management Limited appoints Mr. Shamsher Singh as Managing Director & Chief Executive Officer

by Shrutee K 

New Delhi, December , 2022: SBI Funds Management Limited (SBIFML), a joint venture between State Bank of India and Amundi, Europe’s largest asset manager, today announced the appointment of Mr. Shamsher Singh as MD & CEO of SBI Funds Management Limited.

Mr. 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 Mr. Vinay M Tonse consequent to his repatriation to State Bank of India.

Mr. Singh has more than 32 years of rich experience working with State Bank of India in various verticals including Investment Banking, Treasury, Corporate Banking and Branch Banking. He joined 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, Mr. 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. As a market leader our aim is to ensure that more domestic investors consider mutual funds when planning for their financial goals while we reach out to investors for our offerings across Portfolio Management Services, Alternative Investment Funds and Offshore Funds. As I begin this new journey, I am confident that SBI Funds Management will continue to reach new highs and milestones while serving our stakeholders.’’

About SBI Funds Management Limited (SBIFML), the asset management company of SBI Mutual Fund:SBIFM is a Joint Venture between State Bank of India, Banker to Every Indian, and Amundi, Europe’s largest asset manager and one of the world’s leading asset management companies. SBIFML is an Investment Manager of SBI Mutual Fund, SBI Alternative Equity Fund and SBI Alternative Debt Fund. SBIFML also offers Discretionary, Non-Discretionary and Advisory Portfolio Management Services to various High Net worth Individuals, Corporates, and Institutional Investors. SBIFML was the first asset management company to sign the CFA Institute of Asset Manager Code of Conduct and is also the signatory of the United Nations Principles for Responsible Investment (UN PRI).

SBI Mutual Fund is the leading mutual fund house in the country, managing an AAUM of Rs. 6.82 lakh crore as on September 30, 2022 (source: AMFI).