BNP Paribas Mutual Fund Appoints Mr. Anand Shah as CIO

BNP Paribas Mutual Fund has appointed Mr. Anand Shah as its Chief Investment Officer (CIO). In this role, Mr. Shah will be responsible for leading a team of investment professionals managing a wide range of funds across asset classes. Mr. Shah joins from Canara Robeco Mutual Fund, where he was Head – Equities.

Announcing this key appointment, Mr. Nikhil Johri, Managing Director, BNP Paribas Asset Management, India said, “I am delighted to welcome Anand to our team. With over 10 years of investment management experience and a successful performance track record in his previous roles, we are sure that Anand’s expertise will help us add value to the investment process and performance for the benefit of our investors.” Mr. Shah is an alumnus of Indian Institute of Management, Lucknow and an Engineer from Regional Engineering College, Surat.

BNP Paribas Mutual Fund is part of the global network of BNP Paribas Investment Partners – one of the world’s leading asset managers and backed by the financial strength of BNP Paribas, among the six most solid1 banks in the world. In India, BNP Paribas Mutual Fund manages assets of over Rs.5,000 crore2 across asset classes through a network spanning 8 cities in the country. BNP Paribas Investment Partners is the dedicated autonomous asset management business of the BNP Paribas Group. BNP Paribas Investment Partners offers the full range of investment management services to both institutional and retail clients around the world. Central to the way we work is the concept of partnership – both in terms of how we behave as a family of companies and our relationships with our clients. Over 800 investment professionals work across our network of some 60 investment centres, each specialising in a particular asset class or type of product. With total assets under management of EUR 546 billion (USD 740 billion) as of 31 December 2010, BNP Paribas Investment Partners is the fifth-largest asset manager in Europe and the thirteenth-largest in the world3.