Mumbai: Ms Anuradha Rao, previously Deputy Managing Director at SBI handling New Business Portfolio, has been appointed as the new MD & CEO of SBI Funds Management Pvt. Ltd. effective August 25, 2016.
She took charge from Mr Dinesh Kumar Khara, who has been appointed Managing Director of State Bank of India (Associate & Subsidiaries).
Prior to joining SBI Mutual Fund, Ms Anuradha Rao was the Chief General Manager of State Bank of India, where she was responsible for personal banking department. She was promoted to the position of Deputy MD of SBI on 26th May 2016. She has over three decades of vast experience in banking and allied sectors.
A M. Sc. (Physics) and CAIIB graduate, Ms Rao joined SBI as a Probationary Officer in 1982. Since then, she has traversed through various functions and assignments with SBI, including VP (Credit), Chicago and Faculty for Credit at SBSC Hyderabad.
Some of the key assignments handled by her include developing the Home Loans and Real Estate businesses at SBI.
Speaking on her appointment, Ms Rao said ‘It is indeed a privilege to be a part of SBI Mutual Fund. SBI MF has established itself amongst the top 5 fund houses in the country. It will be a huge responsibility to oversee its future growth and work continuously towards offering the best services to the investor through a process driven approach which is high on transparency, convenience, and value creation.
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