Aditya Birla Solar Life AMC Restricted’s offshore appoints Sarath Sathkumara

Aditya Birla Solar Life AMC Restricted (Part of Aditya Birla Capital Ltd.)

Dubai, UAE (ARAB NEWSWIRE) — Aditya Birla Solar Life AMC Restricted’s (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to guide investments for its worldwide enterprise.

Aditya Birla Solar Life AMC Restricted is the fourth largest asset supervisor in India with complete belongings underneath administration of near $42 billion. The publicly listed firm has its presence in over 280 areas pan-India and current in worldwide markets akin to Dubai, Singapore, and Mauritius. It additionally operates through UCIT to cater to European markets. The corporate not too long ago acquired approval from Worldwide Monetary Companies Centres Authority (IFSCA) to hold out Portfolio Administration Companies from GIFT Metropolis in India that can assist to increase its attain and repair to international purchasers. Aditya Birla Solar Life AMC Restricted’s offshore subsidiaries handle cash to the extent of USD 1.32 billion. ABSLAMC is a subsidiary of Aditya Birla Capital Restricted (a non-bank monetary providers conglomerate), and funding supervisor to Aditya Birla Solar Life Mutual Fund (ABSLMF).

Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Solar Life AMC Restricted stated, “We’re delighted to have Sarath Sathkumara come on board. He’s a seasoned international rising markets investor with over 30 years of expertise in worldwide capital markets and investing. His wealthy expertise, illustrious background and in-depth data of world markets will probably be an instrument in capitalizing abroad alternatives and launching funding options that cater to the wants of worldwide buyers. This additional strengthens our abroad presence and aligns with our technique of increasing our offshore enterprise. Sarath will initially deal with launching ESG centered merchandise, together with related options to cater to GIFT Metropolis and abroad purchasers”.

In his present function with ABSLAMC’s offshore arm, Sarath has joined as CIO Worldwide. Most not too long ago, Sarath was the Managing Director/Portfolio Supervisor for Taiyo Pacific Associate’s India engagement investing enterprise, beginning the enterprise 10 years in the past and constructing it floor up. Previous to that, he has labored as a Chief Funding Officer of SBI Enterprise Capital in Singapore. From 2002 to 2008, Sarath was a Senior Portfolio Supervisor with the State Road World Advisors’ Energetic Rising Markets Group (AUM $12bn), specializing in Asia and MENA areas. Earlier than that Sarath spent 7 years with Capital Worldwide in Singapore as a part of Capital Worldwide’s Rising Markets workforce (AUM $24bn). He was instrumental in constructing and working Capital’s India enterprise from 1993, the 12 months India opened for international funding and witnessed India’s capital market transformation. Earlier than that he was with HSBC Group for 10 years in funding and company banking in Dubai, San Francisco and New York.

About Aditya Birla Solar Life AMC Restricted

Established in 1994, Aditya Birla Solar Life AMC Restricted (ABSLAMC) is a three way partnership between the Aditya Birla Capital Restricted and Solar Life (India) AMC Investments Inc. ABSLAMC is primarily the funding supervisor of Aditya Birla Solar Life Mutual Fund, a registered belief underneath the Indian Trusts Act, 1882. ABSLAMC additionally operates a number of alternate methods together with Portfolio Administration Companies, Actual Property Investments and Various Funding Funds. ABSLAMC is among the main asset managers in India, with a pan India presence throughout 280 plus areas and a complete AUM of over Rs. 3,109 billion underneath its suite of mutual fund (excluding our home FoFs), portfolio administration providers, offshore and actual property choices and seven.6 million investor folios for the quarter ending December 31, 2021.

 

For any media queries, please contact:

Amrita Panja
Tel: 91-22-43568008
Electronic mail: Amrita.Panja@adityabirlacapital.com

This press launch is issued by means of Arab Newswire (https://www.arabnewswire.com) – a newswire service with press launch distribution to media within the Arab World, Center East and North Africa (MENA).

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