SBI Mutual Fund Executive and Leadership Team

August, 2026

Leadership Overview

SBI Mutual Fund has 7 executives leading key functions including strategy, financial oversight, human capital, and operational management.

Committed to excellence in asset management, SBI Mutual Fund delivers robust investment solutions through a strategic partnership between State Bank of India and Amundi to drive long-term wealth creation.

Leadership Roles at SBI Mutual Fund

  • Chief Executive Officer - Rayala Satyanarayana
  • Managing Director & Chief Executive Officer - Nand Kishore
  • Joint Chief Executive Officer - Devinder Singh
  • Executive Director & Deputy Chief Executive Officer - Denys de Campigneulles
  • Chief Financial Officer - Inderjeet Ghuliani
  • Chief of Staff - Himanshu Hemrajani
  • Chief Human Resources Officer - Rajat Grover
  • Rayala Satyanarayana - Chief Executive Officer

    Rayala Satyanarayana, the Chief Executive Officer at SBI Mutual Fund, directs the overarching strategic vision for the organization. This leadership role involves navigating complex financial markets to ensure consistent growth for investors across India. By aligning corporate objectives with the joint venture goals of State Bank of India and Amundi, the Chief Executive Officer optimizes asset allocation strategies. Rayala Satyanarayana monitors market trends to refine product offerings, ensuring the firm maintains a competitive edge in the investment sector. Through rigorous oversight of portfolio performance, the Chief Executive Officer guarantees that all investment vehicles adhere to strict regulatory standards. This executive leadership fosters a culture of transparency and fiscal responsibility, which directly supports the expansion of the firm's market footprint. Ultimately, the Chief Executive Officer secures the long-term stability of the fund by balancing risk management with aggressive growth targets in the evolving financial landscape.

    Nand Kishore - Managing Director & Chief Executive Officer

    Nand Kishore, the Managing Director & Chief Executive Officer at SBI Mutual Fund, architects the operational framework that supports the firm's extensive asset management activities. This role involves coordinating between the Indian public sector banking infrastructure and European asset management expertise to streamline investment processes. Nand Kishore drives the execution of high-level business initiatives, ensuring that the organization meets its fiduciary duties to a diverse client base. By overseeing the integration of advanced financial technologies, the Managing Director & Chief Executive Officer enhances the efficiency of fund distribution across the country. This leadership position requires constant engagement with stakeholders to maintain the firm's reputation for reliability and performance. Through the implementation of robust governance protocols, the Managing Director & Chief Executive Officer mitigates operational risks while fostering sustainable growth. This strategic focus ensures that the firm remains a leader in the competitive Indian investment market.
    Nand Kishore

    Devinder Singh - Joint Chief Executive Officer

    Devinder Singh, the Joint Chief Executive Officer at SBI Mutual Fund, focuses on expanding the firm's market reach and strengthening client relationships across diverse regional segments. This role involves driving the distribution strategy to ensure that investment products are accessible to a broad investor base. Devinder Singh oversees the implementation of sales initiatives that leverage the extensive network of the State Bank of India. By analyzing regional market dynamics, the Joint Chief Executive Officer identifies growth opportunities that align with the firm's product portfolio. This leadership role requires constant interaction with institutional and retail clients to understand evolving investment needs. Through the development of targeted marketing campaigns, the Joint Chief Executive Officer enhances brand visibility and trust. This strategic focus on market penetration and client engagement directly contributes to the firm's assets under management and reinforces its position as a premier investment provider in the region.

    Denys de Campigneulles - Executive Director & Deputy Chief Executive Officer

    Denys de Campigneulles, the Executive Director & Deputy Chief Executive Officer at SBI Mutual Fund, manages the integration of international asset management standards into the firm's local operations. This role involves leveraging the global expertise of Amundi to enhance the firm's investment methodologies and risk management frameworks. Denys de Campigneulles directs the alignment of internal processes with global best practices, ensuring that the firm maintains a high standard of operational excellence. By overseeing the collaboration between international and local teams, the Executive Director & Deputy Chief Executive Officer drives innovation in product development. This leadership role requires a deep understanding of both global market trends and the specific nuances of the Indian financial landscape. Through the implementation of advanced analytical tools, the Executive Director & Deputy Chief Executive Officer supports the firm's commitment to delivering superior investment outcomes for all stakeholders while maintaining rigorous compliance with international standards.

    Inderjeet Ghuliani - Chief Financial Officer

    Inderjeet Ghuliani, the Chief Financial Officer at SBI Mutual Fund, manages the fiscal health and capital allocation strategies of the organization. This role involves overseeing financial reporting, budgeting, and tax compliance to ensure the firm operates within the stringent regulatory environment of the Indian financial sector. Inderjeet Ghuliani directs the internal audit functions to maintain high standards of financial integrity and transparency. By analyzing revenue streams and cost structures, the Chief Financial Officer provides actionable insights that guide the executive team in making informed investment decisions. This leadership role requires close collaboration with the Board to ensure that financial planning aligns with the long-term objectives of the joint venture. Through meticulous management of liquidity and capital reserves, the Chief Financial Officer supports the firm's ability to navigate market volatility. Ultimately, the Chief Financial Officer secures the financial foundation necessary for sustained growth and operational excellence.

    Himanshu Hemrajani - Chief of Staff

    Himanshu Hemrajani, the Chief of Staff at SBI Mutual Fund, facilitates the seamless execution of strategic priorities across all departments. This role involves managing the flow of information between the executive leadership and the broader organization to ensure alignment with corporate goals. Himanshu Hemrajani coordinates cross-functional projects that integrate the expertise of State Bank of India and Amundi, driving operational synergy. By streamlining communication channels, the Chief of Staff enables the leadership team to focus on high-impact decision-making. This position requires a deep understanding of the firm's internal processes and external market pressures. Through the management of key initiatives, the Chief of Staff ensures that organizational resources are deployed effectively to meet performance targets. This leadership role supports the firm's mission by removing operational bottlenecks and fostering a collaborative environment that promotes efficiency and innovation throughout the entire investment management lifecycle.

    Rajat Grover - Chief Human Resources Officer

    Rajat Grover, the Chief Human Resources Officer at SBI Mutual Fund, architects the talent acquisition and organizational development strategies that sustain the firm's competitive advantage. This role involves cultivating a high-performance culture by implementing robust training and leadership development programs. Rajat Grover directs the recruitment of top-tier financial professionals who possess the expertise to navigate the complexities of the investment industry. By fostering an inclusive and collaborative work environment, the Chief Human Resources Officer ensures that the firm attracts and retains the best talent in the market. This leadership role requires aligning human capital strategies with the broader business objectives of the joint venture. Through the management of performance evaluation systems and compensation structures, the Chief Human Resources Officer drives employee engagement and productivity. This focus on human capital ensures that the organization remains agile and capable of meeting the evolving demands of the financial services sector.
    Rajat Grover

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    Frequently Asked Questions Regarding SBI Mutual Fund Top Executives and Leadership Team

    Who leads SBI Mutual Fund?
    SBI Mutual Fund is led by Rayala Satyanarayana (Chief Executive Officer), along with executives such as Nand Kishore (Managing Director & Chief Executive Officer) and Devinder Singh (Joint Chief Executive Officer).
    Who is part of SBI Mutual Fund’s executive team?
    The executive team of SBI Mutual Fund includes leaders such as Rayala Satyanarayana (Chief Executive Officer), Nand Kishore (Managing Director & Chief Executive Officer), Devinder Singh (Joint Chief Executive Officer) and other senior executives.
    How many executives does SBI Mutual Fund have?
    SBI Mutual Fund has 7 executives leading key business areas.
    What roles are included in SBI Mutual Fund’s leadership team?
    The leadership team of SBI Mutual Fund includes roles such as Chief Executive Officer, Managing Director & Chief Executive Officer, Joint Chief Executive Officer, Executive Director & Deputy Chief Executive Officer, Chief Financial Officer.