Aditya Birla Sun Life Asset Management Company (ABSLAMC) has announced the reappointment of A Balasubramanian as its Managing Director (MD) and Chief Executive Officer (CEO) for a renewed term of three years, effective from July 25, 2024.
Balasubramanian, who brings over three decades of extensive experience, has been associated with ABSLAMC since 1995. Prior to assuming the role of CEO in 2009, he served as Chief Investment Officer from 2006 to 2009. Under his leadership, ABSLAMC currently oversees assets under management exceeding Rs 3.20 lakh crore.
Educationally, Balasubramanian has completed Advanced Management Programs at both the Indian Institute of Management (IIM), Bangalore and Harvard Business School. He holds a Bachelor’s degree in Science (Mathematics) and a Master’s degree in Business Administration from GlobalNxt University.
Aditya Birla Sun Life AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc., and serves as the primary investment manager for Aditya Birla Sun Life Mutual Fund. Beyond mutual funds, the company operates various alternative investment strategies including portfolio management services, real estate investments, and alternative investment funds.
In the latest financial update, ABSLAMC reported a significant 53.71% increase in consolidated net profit to Rs 208.38 crore, supported by a 23.1% rise in revenue from operations to Rs 365.57 crore in Q4 FY24 compared to Q4 FY23. The company's scrip closed marginally higher by 0.07% at Rs 655.75 on the Bombay Stock Exchange (BSE).
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