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Tuesday, December 04, 2012

PineBridge Mutual Fund announces changes

PineBridge Mutual Fund has announced the following changes with effect from 1 December 2012 (effective date): 

1. Changes in the key personnel of the AMC: 

Mr Vikram Duggal, Head-Human Resources has been re-designated as Head-Human Resources and Product Development with effect from the effective date. Mr Nilesh Chonkar, Deputy Head-Operations has been re-designated as Head-Operations with effect from the effective date. Additionally he continues to remain the Investor Relations Officer. Ms Sonal Barot, Head-Compliance & Company Secretary ceases to be key personnel with effect from the end of day of 30 November 2012. Mr Rohit Gupte, Head-Operations has been re-designated as Head-Compliance, Risk Management & Company Secretary with effect from effective date. Mr Prateek Jain, CFO & Head-Risk Management ceases to be key personnel with effect from the end of day of 30 November 2012. Mr Vikas Kalmane has been appointed as Head-Finance with effect from the effective date. Mr Kalmane will be key personnel of the AMC and his details are: 

Vikas Kalmane, Head-Finance is 48 years old and holds B.Com degree. He has 25 years of experience. Assignments held during last 10 years and type & nature of experience:
PineBridge Investments AMC (December 2006-till date): 

Position held: Senior Manager-Finance (December 2006-November 2009) 

AIG India Liasion Office (October 2006-December 2006): Position held: Senior Manager-Finance and Administration. 

Edelweiss Securities (September 2005-October 2006): Position held: Senior Manager-Accounts & Finance 

SUN F&C AMC (October 1994-September 2005): Position held: Senior Manager-Accounts & Finance 

2. Revision in the minimum amount in case of inter/intra scheme switches in PineBridge India Equity Fund, with immediate effect: The minimum amount in case of inter/intra scheme (inter option) switches shall be minimum amount required in the respective transferee scheme. 

3. Revision in the offering on the exchange platform for the weekly dividend reinvestment option in PineBridge India Liquid Fund, PineBridge India Treasury Fund and PineBridge India Short Term Fund: The weekly dividend reinvestment option is not available for transactions on the NSE MFSS Platform and BSE StAR MF platform with immediate effect.
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