Mumbai, March 31, 2015: Principal Pnb Asset Management Company has announced the appointment of Mr. Karan Singh, as National Sales Head. In his new role, Karan will be responsible for leading the sales & distribution efforts of the Company on retail & institutional front.
Karan brings over 20 years of diverse work experience, predominantly in the financial services sector. In his previous stint, Karan was the Senior EVP & Country Head-Banks & NDs for UTI AMC.
Speaking on Karan’s appointment, Mr. Lalit Vij, Managing Director, Principal Pnb AMC said, “We are delighted to have Karan join the team. With his experience and under his leadership, we are confident of strengthening our distribution networks and realizing our ambitious asset accumulation plans”
Karan is a science graduate from St. Stephens, Delhi and has an MBA degree from Punjab University. He also holds a diploma in business finance from ICFAI.
About Principal Mutual Fund
Principal Mutual Fund is sponsored by Principal Financial Services Inc. USA through its wholly owned subsidiary, Principal Financial Group (Mauritius) Limited, and with Punjab National Bank as its co-settlor. For the quarter ended 31st December 2014, the average Assets under management was Rs 4,925 crores with over 4.6 Lac investors (on the basis of live folios). Principal Mutual Fund serves its clients from about 100 locations across the country through its branches or investor service centres.