Nand Kishore Takes the Helm at SBI Funds Management

SBI Funds Management has appointed Nand Kishore as its new Managing Director and Chief Executive Officer, succeeding Shamsher Singh. Kishore, who previously served as Deputy Managing Director at State Bank of India (SBI), brings extensive experience to his new role, having worked in various capacities within the bank for over 34 years.

Before this appointment, Kishore was responsible for overseeing SBI's treasury operations as the Deputy Managing Director of Global Markets at SBI's Corporate Centre in Mumbai. His career at SBI started in 1990 as a Probationary Officer, and he has since held multiple senior positions, including Chief Dealer at SBI New York and General Manager at the Corporate Accounts Group in Mumbai.

In his new role, Kishore expressed his commitment to not only maintaining SBI Funds Management's status as the largest asset manager in India but also to enhancing its influence in the market. He aims to position the firm as the primary choice for investors by offering a diverse array of services, including mutual funds, portfolio management, and alternative investment funds.

SBI Funds Management, a joint venture between State Bank of India and Europe's largest asset manager, Amundi, currently manages assets exceeding ₹25 lakh crore (approximately $308 billion). Kishore's leadership is expected to drive further growth and innovation within the firm, catering to retail clients, high net worth individuals, corporates, and institutional investors alike.