Tonse was serving as chief general manager of the Chennai circle in SBI and was heading SBI’s business & operations in Tamil Nadu and Puducherry
The country’s largest fund house — SBI Mutual Fund
(MF) — has appointed Vinay Tonse (pictured) its managing director and chief executive officer, after Ashwani Bhatia moved to State Bank of India (SBI) to takeover the reins of the bank.
Tonse was serving as chief general manager of the Chennai circle in SBI and was heading SBI’s business & operations in Tamil Nadu and Puducherry.
“It is a huge responsibility to manage the growth dynamics of the number one fund house in the country. One which offers best-in-class investment solutions through a process driven approach which is high on transparency, convenience and value creation. With our vast distribution network, we will further strive to take the benefits of capital markets to investors across the country,” Tonse said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.