Local brokerage house Prabhudas Lilladher has appointed Sandip Sabharwal as CEO – Portfolio Management Services (PMS). The former Chief Investment Officer (CIO) at JM Financial AMC will manage funds and investment mandates – to strengthen the brokerage house portfolio management business and introduce new PMS products.
An IIT (Delhi) and IIM (Bangalore) alumni, Sandip started career as a research analyst at SBI Mutual Fund in 1995 and rose to become the Head of Equity in 2004.
He left the firm to join Lotus AMC (now Religare Aegon AMC as the fund’s CIO) and subsequently joined JM Financial AMC as the CIO (Equity).
Sandip Sabharwal said in a statement, “PMS being run by relatively better known fund managers are largely elitist with very high entry barriers. Our aim will be to offer it to a more widely spread out universe and keep the entry barrier lower, without it impacting service standards to customers.
Besides this, there is a large amount of liquidity globally which needs proper advice for investing into high growth economies like India and that is precisely what we will be focusing on. Starting off on a long term partnership, we will target a size of a billion dollars of funds under management in the next few years.”
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