SBI Funds Management Appoints Dhruva Agarwal as Head of Alternates
SBI Funds Management appointed Dhruva Agarwal as Head of Alternates, effective October 7, 2026. Agarwal brings over 20 years of experience in private capital investing and alternative asset management from global institutions.
The appointment of a Head of Alternates with significant experience in private capital and alternative assets could lead to strategic growth and improved fund performance, thus having a medium-term impact on the company.
The appointment of a senior management personnel is a routine operational event and does not inherently suggest a positive or negative financial impact.
SBI Funds Management Limited has announced the appointment of Mr. Dhruva Agarwal as Senior Management Personnel, taking on the role of Head of Alternates. This decision was approved by the Board of Directors through a circular resolution passed on October 7, 2026, at 6:55 p.m. IST, based on the recommendation of the Nomination and Remuneration Committee.
Mr. Agarwal's appointment is effective from October 7, 2026. He brings over 20 years of extensive experience in private capital investing, fund raising, alternative asset strategy, and portfolio management from leading global institutions. His prior roles include serving as Managing Director and Portfolio Manager at DWS Asset Management, Singapore, where he oversaw private capital investments across India, Southeast Asia, and the Middle East. He also has significant experience with organizations such as BlackRock Inc., Baring Private Equity Asia, Barclays PLC, Edelweiss Financial Services Ltd, and Infosys Technologies.
This intimation is made in compliance with Regulation 30 of the SEBI Listing Regulations and is also available on the company's website.
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