SBI Funds Management Limited, a joint venture between State Bank of India and Amundi, Europe’s largest asset manager, has announced the appointment of Mr. Nand Kishore as its new Managing Director & Chief Executive Officer. He succeeds Mr. Shamsher Singh in the role.

With over 34 years of experience at the State Bank of India, Mr. Kishore has held key leadership positions across critical banking functions, including Branch Banking, International Operations, Treasury, Investment Banking, Corporate Banking, and Retail Operations. Beginning his career as a Probationary Officer in 1990, he rose through the ranks to become Deputy Managing Director, showcasing a track record of impactful leadership.

Prior to this appointment, Mr. Kishore served as Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, overseeing the bank’s treasury operations. His extensive career includes roles such as Chief Dealer at SBI New York, Chief Operating Officer at the Corporate Accounts Group in Delhi, and Chief General Manager of SBI’s Bengaluru Circle, among others.

Expressing his excitement about the new role, Mr. Kishore said, “I am honoured to join SBI Funds Management Limited and lead the largest fund house in the country. Our aim is not only to maintain our position as a market leader but also to shape the market by expanding our services and reach.”

He further emphasized the company’s commitment to offering diverse investment solutions, including Mutual Funds, Portfolio Management Services, Alternative Investment Funds, and Offshore Funds, to cater to a broad spectrum of investors, from retail to institutional.

Under Mr. Kishore’s leadership, SBI Funds Management Limited is expected to continue its growth trajectory, setting new benchmarks in the asset management industry.