Mumbai: SBI Funds Management Limited, a joint venture between State Bank of India (SBI) and Amundi, Europe’s largest asset manager, has appointed Nand Kishore as its new Managing Director & Chief Executive Officer.
Kishore, who previously served as the Deputy Managing Director of State Bank of India, succeeds Shamsher Singh in this role. With over 34 years of extensive experience in various key banking verticals, Kishore’s leadership journey within SBI has spanned across Branch Banking, International Operations, Treasury Operations, Investment Banking, Corporate Banking, and Retail Operations.
Starting his career as a Probationary Officer at SBI in 1990, Kishore’s career trajectory saw him rise to the rank of Deputy Managing Director, overseeing major areas of the bank’s operations. Prior to his current role, he served as the Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he was responsible for managing the bank’s treasury operations.
Throughout his illustrious career, Kishore has held several prominent roles, including Chief Dealer at SBI New York, Deputy General Manager & Chief Operating Officer at Corporate Accounts Group in Delhi, and General Manager at SBI’s Corporate Accounts Group in Mumbai. He also served as Chief General Manager of SBI’s Bengaluru Circle.
Speaking on his appointment, 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.”
He further added, “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.”
