Please find enclosed press release issued by the Company today.
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Shriram AMC has appointed Amit Modani as Senior Fund Manager and Lead – Fixed Income to strengthen its debt fund offerings. Modani brings over 13 years of experience in fixed income markets, covering money markets, macro and duration strategies. He joins from Mirae Asset Mutual Fund, where he managed liquid, money market, arbitrage, short term and corporate bond funds, and has previously worked at BOI Mutual Fund and PGIM Mutual Fund. The press release also mentions that Sanlam Emerging Markets (Mauritius) Limited has come on board as a promoter alongside existing promoter Shriram Credit Company Limited. Modani is a Chartered Accountant and a member of the Institute of Company Secretaries of India, recently awarded 'CA 40 under 40' by ICAI.
This is a senior-level hire aimed at boosting Shriram AMC's fixed income capabilities and supporting AUM growth. For shareholders, the appointment signals management's focus on expanding the debt fund business and scaling the AMC, though no direct financial impact is disclosed.