The press release
Prabhudas Lilladher Group appoints Sandip Sabharwal as CEO – Portfolio Management Services
Mumbai, May 5, 2009: Prabhudas Lilladher has appointed Sandip Sabharwal as CEO – Portfolio Management Services (PMS). PL Group is one of
At Prabhudas Lilladher, Sandip will be responsible for spearheading and managing the Portfolio Management Business. He will manage funds and investment mandates – strengthening PL’s Portfolio Management business and introduce new PMS products. The rich experience of over 14 years in fund management; that he brings to the table is expected to enhance PL’s core strengths and add tremendous value to the investment management style.
Sandip began his career in 1995 as a Research Analyst at SBI Mutual Funds and rose through the ranks to become the Head of Equity in 2004. He has been instrumental in turning around the prospects of its equity funds through his aggressive investment strategy. During the period from January 2004 to end of 2005, the total AUM of SBI MF went up by 10 times from Rs. 600 Crores to Rs. 5800 Crores mainly driven by the performances of the scheme which were better than all peer group schemes in the market. Sandip was also Awarded Business Standard Fund Manager of the year for 2004-05 by the Finance minister of
An IIT (
Mr. Dilip Bhat, Joint Managing Director of PL Group said: “We are happy to bring someone of Sandip’s caliber onboard and are confident that he will provide the right balance of dynamism and professionalism in orchestrating the development of the Fund Management business of the group.”
Mr. Sandip Sabharwal on joining PL said, “After having spent nearly 14 years doing Fund Management in the Mutual Fund industry it was time for me to move on towards doing something more challenging and exciting. By coming together with PL, which has a strong brand name and reputation of honesty and integrity, my aim will be to build a strong franchise on Portfolio Management for both onshore and offshore clients. The Portfolio Management Space in