HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Friday, April 23, 2010

Birla Sun Life Asset Management Company appoints head for its offshore asset management business

Birla Sun Life Asset Management Company, the mutual fund arm of the Aditya Birla Financial Services Group (ABFSG), a leading financial conglomerate in India, has appointed Anuradha (Anu) Sahai as the Chief Executive Officer of Aditya Birla Sun Life Asset Management Company Pte Ltd., Singapore, as part of its plans to expand its asset management business outside India. As a first step, she will lead their focus to raise offshore investments into India.
In her new role, Ms Anu Sahai will lead business strategy for overall growth of ABSLAMC, Singapore, a wholly owned subsidiary of Birla Sun Life Asset Management Company Limited, which is a Joint Venture Asset Management company between Sun Life of Canada and Aditya Birla Nuvo. She will also help Birla Sun Life Asset Management Company realize its goal of being a world-class global Asset Management company. Anu will report to the CEO of Birla Sun Life Asset Management Company, India. 

“Given the large opportunity to attract monies into India, the Aditya Birla Financial Services Group is looking to establish a footprint outside India and Ms Anu Sahai's wide experience and knowledge of the global investment markets would be a great asset in establishing ABSLAMC (Singapore) as a trusted and leading player in Asia as well as globally. Her deep insights and strong relationships honed over the last 18 year with investors will help in launching appropriate products and services for these markets and customers. ” said Mr. A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited. 

Anu Sahai is an accomplished professional with over 18 years of global investment experience across alternative and traditional asset classes in the US and Asia. She was the founder of Anew Capital Management LLC and Portfolio Manager of the Anew India Opportunity Master Fund, a multi-strategy India fund. She received a Rising Hedge Fund Stars of 2008 award from Institutional Investor. Anu has had successful stints in the financial services industry, including with ING Investment Management, where she managed equities, high yield and convertibles portfolios. Anu is a renowned speaker at many conferences across the globe for her insights into the Indian market as well as a specialist on the Indian/Asian convertible bond market. 

Commenting on her new role, Ms Sahai said, “I am delighted to take over this new role and look forward to spreading the India story and the Birla Sun Life AMC offerings to newer markets, while creating value for investors and stakeholders. She further added, “The immediate plan is to leverage our strong India investment capability. We will collaborate closely with our group companies and our joint venture partner to leverage synergies and opportunities within and outside India. Our intent is to build a recognizable global brand.” ABSLAMC is intending to apply for a Capital Markets license from the Monetary Authority of Singapore to carry out fund management activities under the Securities and Futures Act.
Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.