SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO

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

Singh has more than 32 years of rich experience working with the State Bank of India in various verticals including Investment Banking, Treasury, Corporate Banking and Branch Banking.

He joined the 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, 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."