Sanjay Sinha appointed as the chief executive officer of DBS Cholamandalam

Mumbai, Sept 16 (ANI/Business Wire India): DBS Cholamandalam Asset Management Limited (DCAM) today announced that Sanjay Sinha has been appointed as the new CEO of the company.

Sanjay Sinha, 43, was the Chief Investment Officer of SBI Funds Management managing almost Rs 35,000 cr of assets in debt, equity, money-market and off-shore funds. He was earlier with UTI as Vice President and senior fund manager managing nine equity schemes. Sanjay holds an Honors degree in Economics and is a Post Graduate from IIM Kolkata.

Over a career spanning over nineteen years, all of it in Mutual Funds, Sanjay has actively managed every aspect of the business - from product design, sales and marketing, investor servicing to managing a wide variety of funds. One or more of the funds he managed have won performance awards every year since 2003, with as many as 13 awards in 2007 itself.

Welcoming him, M A Alagappan, Chairman of Cholamandalam DBS and of the Murugappa Corporate Board, said: "Sanjay brings with him an unparalleled track record in the industry. He joins us at a time when both the partners, Murugappa Group and DBS, are keen to quickly re-establish the asset management business in a path of sustained growth. Sanjay's in-depth experience and widely recognized capabilities will be of immense value as he leads our efforts to achieve this."

Sanjay Sinha said: "After almost two decades in some of India's largest organizations, I have always wanted to take on the challenge of building an institution. DBS Cholamandalam has provided me an ideal opportunity to do just that. I am delighted and excited at this prospect". He added, "The mutual fund industry is extremely competitive. I hope to be able to leverage the existing strengths of the company while rapidly scaling up new competencies required to significantly add value to investors."

DBS Cholamandalam Asset Management Limited (DCAM), a subsidiary of Cholamandalam DBS Finance Limited, a joint venture between the Murugappa Group and DBS of Singapore, is the investment Manager of DBS Chola Mutual Fund. Known for its prudent and disciplined investment philosophy, DCAM offers products across asset classes in equity, debt and money market. Within each asset class, the funds adhere to distinct investment styles, offering investors options to build a portfolio that best suits their goals and objectives.(ANI)