English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 9 February 2022, 20:00 HKT/SGT

Source: Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited's offshore arm appoints Sarath Sathkumara to head investments for its international business

DUBAI, Feb 9, 2022 - (ACN Newswire) - Aditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.

Aditya Birla Sun Life AMC Limited is the fourth largest asset manager in India with total assets under management of close to $42 billion. The publicly listed company has its presence in over 280 locations pan-India and present in international markets such as Dubai, Singapore, and Mauritius. It also operates via UCIT to cater to European markets. The company recently received approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City in India that will help to expand its reach and service to global clients. Aditya Birla Sun Life AMC Limited's offshore subsidiaries manage money to the extent of USD 1.32 billion. ABSLAMC is a subsidiary of Aditya Birla Capital Limited (a non-bank financial services conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF).

Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, "We are delighted to have Sarath Sathkumara come on board. He is a seasoned global emerging markets investor with over 30 years of experience in international capital markets and investing. His rich experience, illustrious background and in-depth knowledge of global markets will be an instrument in capitalizing overseas opportunities and launching investment solutions that cater to the needs of international investors. This further strengthens our overseas presence and aligns with our strategy of expanding our offshore business. Sarath will initially focus on launching ESG centered products, along with relevant solutions to cater to GIFT City and overseas clients".

In his current role with ABSLAMC's offshore arm, Sarath has joined as CIO International. Most recently, Sarath was the Managing Director/Portfolio Manager for Taiyo Pacific Partner's India engagement investing business, starting the business 10 years ago and building it ground up. Prior to that, he has worked as a Chief Investment Officer of SBI Venture Capital in Singapore. From 2002 to 2008, Sarath was a Senior Portfolio Manager with the State Street Global Advisors' Active Emerging Markets Group (AUM $12bn), focusing on Asia and MENA regions. Before that Sarath spent 7 years with Capital International in Singapore as part of Capital International's Emerging Markets team (AUM $24bn). He was instrumental in building and running Capital's India business from 1993, the year India opened for foreign investment and witnessed India's capital market transformation. Before that he was with HSBC Group for 10 years in investment and corporate banking in Dubai, San Francisco and New York.

About Aditya Birla Sun Life AMC Limited

Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. ABSLAMC also operates multiple alternate strategies including Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. ABSLAMC is one of the leading asset managers in India, with a pan India presence across 280 plus locations and a total AUM of over Rs. 3,109 billion under its suite of mutual fund (excluding our domestic FoFs), portfolio management services, offshore and real estate offerings and 7.6 million investor folios for the quarter ending December 31, 2021.

For any media queries, please contact:
Amrita Panja
Email: Amrita.Panja@adityabirlacapital.com

Topic: Press release summary
Source: Aditya Birla Sun Life AMC Limited

Sectors: Real Estate & REIT, PE, VC & Alternatives, Startups
From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Latest Press Releases
MRHB and Gold & Silver Standard (GSS) Partner to Expand Halal DeFi Offerings with Tokenized Precious Metals  
Oct 5, 2022 23:00 HKT/SGT
AIM Vaccine Announces Global Offering Results, Offer Price of HK$16.16 per H Share  
Oct 5, 2022 18:55 HKT/SGT
Amazfit Launches GTR 4 and GTS 4 Smartwatches in Malaysia  
Oct 5, 2022 15:00 HKT/SGT
Fujitsu Spain receives 9th award of the "Fundación Consejo España-Japón" (Spain-Japan Foundation)  
Wednesday, October 5, 2022 1:13:00 PM
Blockchain on the Beach Barbados to launch Krypto for Kids Caribbean at the University of West Indies Barbados  
Oct 5, 2022 09:17 HKT/SGT
Society Pass (Nasdaq: SOPA)/Thoughtful Media Group's Strategic Partnership with Onlive.Site Eyes the Surging Live Commerce Market across Southeast Asia  
Oct 5, 2022 09:00 HKT/SGT
The Crypto Oasis Partners with Plato & Amplifi in the Middle East Region  
Oct 4, 2022 17:17 HKT/SGT
Eisai Completes Construction of Its New Injection/Research Building at Kawashima Industrial Park in Japan  
Tuesday, October 4, 2022 3:44:00 PM
SCIB Unveils Sample IBS House Built with 3D Technology  
Oct 4, 2022 14:00 HKT/SGT
MHI Group Delivers Two Large-Capacity Centrifugal Chillers for Singapore's Marina Bay District Cooling System  
Tuesday, October 4, 2022 10:58:00 AM
More Press release >>
More events >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575