Handling varied assignments is something public sector bankers typically manage with ease. For Deepak Chatterjee, the new managing director of SBI Mutual Fund, transferring to the domestic asset management unit from its international business appears virtually seamless.
Chatterjee has over 32 years’ experience and was recently elevated to the rank of chief general manager. At his previous assignments over the last ten years, Chatterjee has held several senior positions such as executive vice-president & head of the regional office in New Delhi for SBI Capital Markets. He also headed the project finance group with SBI Caps in Mumbai. At the branch level, he headed a commercial branch in New Delhi. These stints provided him with strong grounding in corporate banking.
Apart from the expertise of a generalist banker, Chatterjee also brings with him effective team-management skills, as well as broad knowledge and understanding of capital markets. Before moving to SBI MF as general manager, Chatterjee handled fund raising outside India, country risk and bank exposure. Knowledge and experience in credit administration, investment banking and branch management will help in charting growth plans and ensuring effective execution.
“Over the next three years, backed by SBI’s vast branch network, we plan to further expand our reach to semi-urban, Tier-II & Tier-III cities and consolidate SBI MF’s position as a preferred fund house. There is a huge untapped potential for the MF business in India,” says Chatterjee.