SBI Funds Management

Lokesh Mallya (CFA, FRM) has over 17 years of experience in fixed income research. He has been associated with SBI Funds Management since 2014 as Credit Analyst and now also has fund management responsibilities. Prior to SBIFML, he was at Aditya Birla Sunlife Asset Management Company as a fund manager and credit analyst. He is a CFA Institute Charterholder and a FRM Charterholder of the Global Association of Risk Professionals (GARP).

Ranjana Gupta has over 27 years of experience in capital markets and has been associated with SBI Funds Management Limited since 2008 as a fixed income dealer and fund manager. Prior to SBIFML, she was associated with Twentyfirst Century Shares and Securities Ltd. (heading broking activities) and OTCEI (Over the Counter Exchange of India). She is a Commerce graduate from Mumbai University.

Mr. Nand Kishore is the Managing Director & CEO of SBI Funds Management Limited, on deputation from State Bank of India (SBI) since November 6, 2024. He joined SBI as a Probationary Officer in 1990 and has 34 years of varied experience across major banking verticals including Branch Banking, International Operations, Treasury Operations & Investment Banking, Corporate Banking, and Retail Operations. Before his deputation to SBIFML, he was Deputy Managing Director (Global Markets) at SBI Corporate Centre, Mumbai, responsible for overseeing the bank's entire treasury operations. Key assignments in the preceding decade include: Chief General Manager, Bengaluru Circle (May 2021–June 2023); General Manager & Branch Head, Corporate Accounts Group, BKC, Mumbai (June 2019–May 2021); Deputy General Manager (Interest Rate Markets), Global Markets Corporate Centre (January 2017–June 2019); Deputy General Manager & COO, Corporate Accounts Group, New Delhi (September 2015–January 2017); Assistant General Manager, Treasury Management Group IBG Corporate Centre, Mumbai (July 2012–September 2015).

Mr. Denys de Campigneulles has been deputed from the Amundi Group as Deputy Chief Executive Officer of SBI Funds Management Limited since March 2020. He has over 35 years of extensive experience in financial services. Prior to joining SBIFML, he was the Chief Investment Officer of LCL Bank (former Credit Lyonnais) in Paris. From 2009 to 2016, he was the Head of Fixed Income Business Development & Investment Specialists with Amundi Paris. From 2005–2009, he was based in Hong Kong as Deputy Chief Executive Officer Asia for Amundi. Between 2002 and 2005, he held the position of CIO of NH-Amundi (joint venture of Amundi and NH Group in South Korea, Seoul). From 1994 to 2002 he held various senior investment positions in London and Paris for the Global Fixed Income and Currency Management Department of Amundi. Prior to Amundi, he worked with Banque Bruxelles Lambert (1988–1994) and Credit Lyonnais (1986–1988).

D.P. Singh has over 30 years of rich experience in the Banking and Financial Services industry and has been associated with SBI Funds Management since 1998 — one of the longest-tenured senior employees. As DMD & Chief Business Officer he is responsible for all business verticals and segments of the organisation. Over the years he has overseen many roles across various functions including Sales, Distribution, Product Development, and Business Strategy. Prior to joining SBIFML, he was with SBI where he handled various assignments in Retail Banking, Corporate Credit, and Information Technology Initiatives.

Srinivas Jain has experience of over 29 years in the financial services industry, with over 22 years in investment management companies apart from Broking and Investment Advisory. He has been associated with SBI Funds Management since 2001. As Chief of Strategy, Digital & Technology he oversees key strategic initiatives of the organisation including heading Digital and Technology teams. He is also responsible for international business development initiatives and represents the organisation on various sustainability initiatives. Over the years he has been spearheading various roles involving sales, product development, and marketing functions. Before joining the organisation, he worked with Birla Sunlife Asset Management and Kotak Securities. He is a Commerce Graduate from Bangalore University with a Cost Accounting background.

Aparna Nirgude has been associated with SBI Funds Management Limited for over 26 years and has been heading the Risk function since 2005. Before taking charge as Chief Risk Officer, she handled various responsibilities within the company's Investment Management and Research teams. She was also promoted to Executive Director. Aparna holds a degree in Management from Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai.

Mr. Ramakrishna Balasubramanian joined SBIFML in September 2024 as Chief Operating Officer (Designate). He has more than 36 years of varied experience in Finance, Operations, Compliance, Risk & Controls, Information Technology, Products & Strategic Businesses (including ETF and International Businesses). Prior to joining SBIFML, he was associated with ICICI Prudential Asset Management Company Limited from September 2004 to April 2024, where he last served as Chief Financial Officer responsible for overseeing Finance, Operations, and Information Technology functions. He has also been associated with Marico Industries, ITC Agro Tech (now Agrotech Foods), Dalmia Industries Limited, and Union Carbide India Limited (now Eveready Industries India Limited).

Vinaya Datar has an overall experience of over 28 years, including over 21 years in the financial services industry. She has worked extensively in Compliance, Secretarial, and Legal. Prior to SBIFML, she was AVP – Compliance with Mirae Asset Global Investments (India) Private Limited. She has also been associated with Reliance Capital Asset Management Ltd, IL&FS Limited, and UTI Infrastructure & Services Limited. She is a Science and Law graduate and a member of the Institute of Company Secretaries of India. Contact: complianceofficer@sbimf.com.

Inderjeet Ghuliani is a Chartered Accountant and Cost Accountant. He joined SBIFML in 2008 and over the years has handled many areas across accounts and admin including preparation of financial statements, budgeting, analysis, strengthening Income Tax/GST compliance, Statutory/CAG audits and compliances, and commercial negotiations. As CFO, he is responsible for Financials, compliance of direct and indirect taxes, and internal controls. Prior to SBIFML, he was associated with JCT Ltd, Crompton Greaves Ltd, Bank of India, UTI Bank (now Axis Bank), State Bank of Bikaner and Jaipur, and SIDBI.

C.A. Santosh has over 26 years of experience in Customer Service and has been associated with SBI Funds Management Limited since December 2007 in various capacities including Head – Customer Service and Zonal Customer Service Manager (West and Mumbai Zone). Prior to SBIFML, he was at Kotak Mahindra Bank as Chief Manager – Customer Contact Center, managing Contact Center Operations and handling customer queries, requests, and complaints. Earlier assignments include ICICI Bank, KLM/Northwest Airlines, and Jet Airways.

Vishal Saraf (CFA) joined SBIFM in 2007. Prior to joining SBIFM, he was an analyst with Motilal Oswal Securities for three years. He is a Commerce graduate from Nagpur University, a Chartered Accountant from ICAI, and a CFA Institute Charterholder (USA).

R. Srinivasan has over 30 years of rich experience in the financial services space. He has been associated with SBI Funds Management Limited since 2009, joining as Senior Fund Manager and rising to CIO – Equity. He directly manages a number of flagship equity funds including SBI Magnum Multicap Fund and SBI Contra Fund, among others. He was formerly Head of Equity at SBIFML. He is a postgraduate in Commerce and holds an MFM (Master of Financial Management) from the University of Mumbai.

Rajeev Radhakrishnan (CFA) joined SBIFM as a Fixed Income Portfolio Manager in 2008 and currently heads the Fixed Income desk at the AMC. Prior to joining SBIFM, Rajeev was Co-Fund Manager for Fixed Income with UTI Asset Management for seven years. He is an Engineering graduate and holds a Master's degree in Finance from Mumbai University. He is also a CFA Institute Charterholder (USA).

Mohit Jain (CFA) joined SBIFM in 2015. Prior to SBIFM, he was working as a Senior Research Analyst at CRISIL Limited. He holds an Engineering degree from Sathyabama University and has completed CFA Level III from the CFA Institute, USA.

CA Amarjit Chopra has been practising Chartered Accountancy for the past 46 years, specialising in Internal and Statutory Audits of Private and Public Sector enterprises, Banks and Insurance Companies, Company Law Matters, Accounting Standards, and Audit and Assurance Standards. He was President of ICAI for the year 2010–11 and Vice-President for 2009–10. He was a Council Member of ICAI for 15 years and Chairman of NIRC of ICAI (1986–89). He was also nominated Chairman of NACAS (National Advisory Committee on Accounting Standards) by the Government of India for four years (2014–2018). He currently serves on the Boards of Roop Automotives Ltd., Rico Auto Industries, Rico Investments Ltd., TATA Power Delhi Distribution Ltd., TATA Power Trading Co. Ltd., and ICAI Accounting Research Foundation.

Mr. Sunil Gulati has over three decades of global experience in banking across investment banking, corporate finance, relationship management, risk management, and corporate strategy. He was a key member of management teams at RBL Bank Ltd (CRO), Yes Bank, and ING Group India. He headed GE Commercial Finance India and ING Barings India, and was part of the core team that helped ING acquire a controlling stake in Vysya Bank, subsequently heading Corporate and Investment Banking at ING Vysya. He initiated Bank of America's investment banking efforts in India in 1997 and was previously based in Hong Kong covering Bank of America's investment banking activities in North Asia including strategic and corporate M&A across APAC. He also worked with Standard Chartered Merchant Bank and A.F. Ferguson & Co. management consultancy. Currently he is non-executive Chairman of Merisis Advisors Pvt. Ltd. and an Independent Director on the Boards of Fincare Small Finance Bank Ltd., Thirumeni Finance, Visage Holdings and Finance, Tapstart Capital, Samunnati Financial, PNB MetLife India Insurance, Arthan Finance, Paradime Technologies, and Empays Payment Services India. He holds an MBA from IIM Ahmedabad (1984) and a B.Tech in Electronics from IIT Delhi (1982).

Dr. Archana Hingorani has over 25 years of experience in the asset management business. She runs Siana Capital Management LLP, focused on technology and impact investments. She has rich experience in fund raising, investing, nurturing investments through four different economic cycles, carving exit paths, and spearheading ESG programmes. She served as CEO & Executive Director of IL&FS Investment Managers Ltd. from 2009 to April 2017. She serves on the University of Pittsburgh's Chancellor's Global Advisory Council and the Advisory Board of TalentNomics. She has served on Investment Commissions of the UN Environment Programme. She is Adjunct Faculty at the Katz Graduate School of Business, University of Pittsburgh (Private Equity and Alternative Assets). She currently serves on the Boards of Alembic Pharmaceuticals, Grindwell Norton, SIDBI Venture Capital Ltd., DEN Networks, and 5Paisa Capital.

Mr. Achal Kumar Gupta has around 41 years of experience in Banking and Financial Services. He served State Bank of India group for more than 36 years, including an overseas assignment at SBI Bahrain OBU, and was deputed as Managing Director of SBI Funds Management Private Limited from May 2008 to January 2011 and COO from November 2005. He also served as Managing Director of State Bank of Patiala (April 2012–November 2013) and Deputy Managing Director of IFCI Ltd (December 2013–December 2016). He has served on the Board of AMFI and as independent director on The South Indian Bank, Canara Robeco Asset Management, and Capital India Finance Limited.

Mr. Ashutosh Khajuria is a thought leader in Banking, Finance, and Risk with 43 years of experience. He served Federal Bank as Executive Director on the Board from January 2016 to April 2023, having joined in June 2011 as President & Head of Treasury. He was Chief Mentor at Federal Bank till May 2024. Prior to Federal Bank, he was CGM & Head – Treasury at IDBI Bank (2009–2011), worked at United Phosphorus Limited as Corporate Treasurer, Edelweiss AMC as Head-Fixed Income, and spent 24 years at State Bank of India across Treasury, International Banking, Trade Finance, Corporate Banking, and Branch Banking. He is a BSc, LLB, MA Economics, CAIIB and holds a Diploma in Treasury Investment & Risk Management (DTIRM).

Mr. Challa Sreenivasulu Setty took over charge as Chairman of State Bank of India (SBI) on August 28, 2024. He joined the Board of SBI as Managing Director in January 2020, heading Retail & Digital Banking (2020–2022) and International Banking, Global Markets & Technology thereafter. A Bachelor of Science in Agriculture and Certified Associate of the Indian Institute of Bankers, he started with SBI in 1988 as a Probationary Officer. He has rich experience in Corporate credit, Retail, Digital and International banking across SBI's domestic and international network, including assignments in Stressed Assets Management, Mid Corporate Banking, Global Markets, Technology, and Syndications.

Mr. Fathi Jerfel is Deputy Chief Executive Officer of Amundi SA in charge of Investment Solutions for the Retail Network Division. He holds an Engineering degree from École Polytechnique, an Engineering degree from the Institut Français du Pétrole, and a Post Graduate degree in Economics (Petroleum Management) from the University of Dijon. He started at Crédit Lyonnais as Head of Financial Engineering and Fixed Income (1986–2001). He joined Crédit Agricole Asset Management in 2002 as Head of Derivatives Arbitrage & Cumulative Research. In 2005 he was appointed CEO of Crédit Agricole Structured Asset Management. He is a Chairman on the Boards of numerous Amundi entities globally including Amundi SGR, Amundi Immobilier, Amundi India Holding, and others.

Mr. Sanjay Prakash is a seasoned international banker with over 34 years of leadership experience across ANZ Grindlays Bank (now Standard Chartered) and HSBC. His career spans diverse roles in corporate governance, business transformation, strategy, and regulatory engagement across APAC with leadership positions in India, Hong Kong, and Bangladesh. He has deep expertise in commercial and retail banking, asset management, and mutual funds. He has been a Whole-Time Director on the Board of HSBC Asset Management India. He is currently an Independent Consultant, a Member of the Rating Review Committee (RRC) at ICRA, and Director on the Board of Rai Enclave Facilities Management.

Mr. Ashwini Kumar Tewari is a career banker who started with State Bank of India (SBI) in 1991 as a Probationary Officer and has spent more than three decades with SBI in India and abroad in various assignments.

Dr. Hemant Adarkar is a seasoned technology professional with over 29 years of experience spanning system development, architecture, technology consulting, product development, and outsourcing, primarily within the banking and financial services sector. He is known for his ability to bridge the gap between business and technology teams and has led several high-impact assignments including the design and implementation of a core banking solution for the largest cooperative bank in Asia and the conceptualisation of a payments bank in the UK.

Dr. T.T. Ram Mohan has wide-ranging experience in academics, policy-making, banking, management consulting, and financial journalism. He has been a Part-time Member of the Prime Minister's Economic Advisory Council since October 2021. He is currently an Independent Director on the Board of IndusInd Bank Limited and a member of the HR Advisory Board, Indian Overseas Bank. He has been a Director on the Boards of SBICAPS Securities Ltd (2014–19), Rail Vikas Nigam Ltd, SBI Pension Funds, Rural Electrification Corporation, and Canara HSBC Life Insurance, among others.

Mr. Olivier Mariée is CEO of CPR Asset Management – Paris and Head of Joint Ventures at Amundi – Paris. He joined Amundi in September 2021 from Direct Assurance (AXA Group), where he was CEO since 2020. Having spent most of his career with the AXA Group, he has in-depth knowledge of asset and wealth management. From 2017 he was Sales Director at AXA France (distribution strategy, marketing, sales teams for Life business lines). From 2012–2017 he was CEO of AXA Wealth Management and Head of Life & Savings Business Lines at AXA France, actively involved in creating AXA Wealth Europe in Luxembourg. From 1997–1999 he was Head of Private Banking at AXA Investment Managers, having joined AXA in 1992. He is a graduate of the Institut Supérieur de Gestion (ISG), France.

Mr. Moiz Miyajiwala is a Chartered Accountant in practice with an all-India ranking of 27. He has completed his LLB from KC Law College, Mumbai University and a BA in Economics and Statistics from St. Xavier's College, Mumbai. Currently he is an Independent Management Consultant and Proprietor at Moiz Miyajiwala, CA. He is on the Board of Anjuman-I-Islam, Transpact Enterprises Limited, and Benares Hotels Ltd. (publicly listed, where he chairs the Audit, Risk Management Committee and Nomination and Remuneration Committee). Previously he held the position of CFO and Executive Vice President (Finance)/Compliance Officer with Voltas Ltd. till May 2011 — overseeing Finance, Accounts, Compliances, General Management, Strategic Management, IT, Legal, Strategic Planning, Investor Relations — and was a member of the Corporate Management Committee.

Mr. Shekhar Bhatnagar has 34 years of experience at the Reserve Bank of India, where he was Chief General Manager-in-Charge, Foreign Exchange Department, Central Office Mumbai, before superannuation. He has vast experience as a Nominee Director on Boards of both private and public sector commercial banks and sub-committees of the Board. His work included corporate governance, risk management framework formulation, Basel II & III implementation, and NPA management supervision. He was Country Head for Foreign Exchange/Cross Border Transactions at RBI, handling policy formulation, supervision, monitoring, compounding, and management of capital flows. Currently he is an Independent Consultant working with L&L Law Firm (off counsel) on Foreign Exchange investment issues and with Standard Chartered Bank for regulatory and supervisory matters.

Mrs. Sudha Krishnan joined the Indian Audit and Accounts Service (IAAS) in 1983 and retired on November 30, 2020 as Member Finance to the Space Commission and Atomic Energy Commission, serving as the principal advisor on financial business pertaining to the Departments of Space and Atomic Energy. She has close to four decades of experience in public policy and finance. She has worked on secondment at the Ministry of Finance across diverse portfolios including World Bank projects and improving government spending effectiveness. She served as Financial Adviser to the Ministry of Housing and Urban Poverty Alleviation and as Government Nominee Director on Boards of many Government companies and banks. She has been CAG Principal Director (International Cooperation) and led several audit reports including of the Central Board of Direct Taxes. She is currently an Independent Director on the Board of IDFC Financial Holding Company Ltd.