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Baroda Asset Management India Limited, the investment manager of the Baroda Mutual Fund, a wholly owned subsidiary of the Bank of Baroda, has appointed Suresh Soni as its new chief executive officer. His appointment took effect on August 3rd, 2021.
Sanjiv Chadha, MD and CEO, Bank of Baroda said: “We are very excited to bring Suresh on board to strengthen our asset management business. His extensive experience in managing investments as well as companies will complement our existing skills. We are very excited about the long-term potential of the wealth management business and will continue to invest in expanding our presence. “
According to the company’s official website, Suresh Soni is a seasoned wealth management professional with a rich experience of over 25 years. His experience spans the areas of investment and business management. He has a wide range of experience working with start-ups as well as global giants and with both private and institutional clients. In his previous functions, he worked for Deutsche Asset Management for around 15 years, leading it to become the most successful asset manager in the country supported by foreign banks. Most recently, he was CEO of Edelweiss Alternative Asset Advisors, one of the largest alternative asset managers in the country.
Also read: U GRO Capital Partners with Bank of Baroda for ₹ 1,000 Cr MSME Co-Lending Program. to start
In his official communiqué Suresh Soni said: “The low penetration of mutual funds with falling returns in traditional investment routes creates strong growth potential for the wealth management business. With the family tree and reach of the Bank of Baroda and a strong team, I am very excited to grow the business. “
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