New MD-CEO underlines SVL’s commitment to long-term value for investors
SBICAP Ventures Limited (SVL) says Prem Prabhakar as the new Managing Director and Chief Executive Officer, effective 4 June 2024, will be responsible for overseeing the investment-driving group’s strategic direction, operational efficiency and overall growth https://trade.sbisecurities.in/ .
He will lead the executive team, manage investor relations and drive initiatives that align with SVL’s commitment to creating long-term value for its investors and supporting the business communities in which it operates https://www.bseindia.com/ .
Prabhakar brings over 24 years of extensive experience in the banking sector. Prior to this appointment, he served as General Manager at the State Bank of India (SBI). His notable assignments include serving as Deputy General Manager (B&O) managing retail business and operations, Chief Dealer (Forex) at SBI Global Markets, Mumbai, and Chief Dealer at SBI New York https://sbinewyork.statebank/ .
Additionally, Prabhakar held the position of Director on the board of the Regional Rural Bank, Jharkhand Rajya Gramin Bank https://financialservices.gov.in/ . His expertise lies in treasury operations, with over 12 years of experience covering forex, money markets, derivatives, resource management, ALM and risk management.
On his new role, Prabhakar said on 12 June, “Joining SBICAP Ventures Limited is an exciting opportunity for me. SVL’s commitment to creating long-term value for its investors and supporting communities resonates deeply with my professional values https://www.nseindia.com/ .
“I look forward to leveraging my experience, to drive growth and innovation at SVL, and to contribute to its mission of excellence in alternative asset management.”
In April this year, SVL launched its latest fund, the TDC Fund https://www.investindia.gov.in/ .
SVL is a leading alternative asset management company with assets under management of around Rs.32,500 crore. As a part of the SBI Group, our leadership, experience, knowledge, and talent has attracted some of the leading Indian and Global investors, therefore, making us unique in our business. “Our constant endeavour is to excel in our efforts thereby creating long-term value for our investors and supporting the communities in which we operate,” said SVL which is currently the Investment Manager for (i) Neev Fund (ii) Neev II (SVL-SME Fund) and (iii) SWAMIH Fund and Fund of Funds (SRI Fund, UKIDCF and TDC Fund). Fiinews.com
