SBI Funds Management Pvt Ltd has appointed Vinay M Tonse as its Managing Director & Chief Executive Officer. He takes charge from August 24, 2020.
The current CEO Ashwani Bhatia will return to the State Bank of India (SBI) as its Managing Director.
Tonse joined State Bank of India as a Probationary Officer in 1988 and has worked across different locations in India and abroad. Over his tenure of 32 years with the State Bank of India, Tonse has traversed through various functions and assignments possessing experience in several facets of commercial banking such as corporate credit, treasury, retail and international banking.
Before joining SBI Mutual Fund, he was serving as the Chief General Manager of the Chennai circle at State Bank of India and was heading SBI’s Business & Operations in the State of Tamil Nadu and Union Territory of Pondicherry. He also headed the operations at SBI Osaka Branch - Japan as CEO for 4 years. In his early days, Tonse also worked as an Officer with SBI’s Singapore office.
