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Soumendra Nath Lahiri joins Emkay as Chief Investment Officer

Announcement  |  Corporate 

Emkay today announced the appointment of Mr. Soumendra Nath Lahiri as their Chief Investment Officer. Mr. Lahiri will lead the Portfolio Management Services business of Emkay.

Mr. Lahiri brings with him strong credentials and over 21 years of rich experience across many segments of the industry. His experience includes managing Hedge Fund & Mutual Fund, Stock broking portfolios.

Mr. Krishna Kumar Karwa, MD, Emkay, speaking on the occasion said, “We are extremely excited about Mr. Lahiri joining the team. His experience adds a lot of value to our services and our entire team will look forward to his guidance. We are sure that our clients too will benefit immensely with his presence on the team.”

During his tenure with DSP Merrill Lynch Fund Managers Mr. Lahiri managed top performing funds like DSPBR TIGER Fund, DSPBR Opportunities Fund and Small & Mid-cap & Micro Fund. DSPBR TIGER Fund was rated as the top performing fund for six consecutive quarters by CRISIL and the DSPBR Opportunities Fund was awarded by CNBC TV 18 as Mutual Fund of the year in 2007 & 2008.

The Emkay Portfolio Management Services business has had an excellent track record in terms of performance and has delivered 179.10% absolute return v/s 100.45% Nifty for the last 21 months. In the last 12 months PMS delivered 29.60% absolute return vs. 17.95% Nifty Return as on Dec 31, 2010.  Emkay PMS has unique propositions like No entry load, No exit load and No profit Sharing, to name a few.

Emkay’s Portfolio Management Services business is held under Emkay Investment Managers Ltd. a 100% subsidiary of Emkay Global Financial Services Ltd. and offers Portfolio Management Services (PMS) to HNI customers.

About Emkay Global Financial Services Limited
Emkay Global Financial Services Limited (Emkay) is a leading financial services company offering a wide gamut of financial services and solutions to its clients comprising FIIs, Domestic Mutual Funds, Hedge Funds, Banks, Insurance Companies, PE firms, Corporate Houses & HNIs and Retail Investors.

The company offers comprehensive financial services in Equities (Broking & Research services),Wealth Management (MFs and Financial Planning), Commodities, Insurance, and Investment Banking.

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First Published: Thu, January 20 2011. 20:06 IST