L&T Mutual Fund Appoints Mr. Soumendra Nath Lahiri as Head - Equity

L&T Mutual Fund announces the appointment of Mr. Soumendra Nath Lahiri as Head - Equity. End Quote

(1888PressRelease) September 28, 2012 - Commenting on the appointment, Mr. Y.M. Deosthalee, Chairman and Managing Director, L&T Finance Holdings Limited said, "I am pleased to welcome Lahiri as Head, Equity at L&T Mutual Fund. He will have overall responsibility for the equity team including trading and research. With over 20 years of experience in Indian equities and an award winning track record, Lahiri's appointment will help to strengthen our investment capabilities further and also position us to take the business forward."

Lahiri said, "I am delighted at the opportunity to be a part of the team and to be able to contribute to the expansion of the business here. Given the recent developments on the fiscal front in India, equities are at an interesting turning point. The asset management industry's long term prospects in India show potential, despite the challenges we have seen in the last year or so."

Mr. Lahiri holds a Post Graduate Diploma in Management from IIM Bangalore and an engineering degree as well. He brings on board over all 21 years of rich experience of which 17 years of experience in Equity Investments and Research. His previous assignment includes Head of Equities at Canara Robeco Asset Management Company Limited. Prior to that he was Chief Investment Officer - PMS at Emkay Investment Managers Limited (Jan, 11 to March, 11), Chief Investment Officer at Fortuna Capital (May, 2008 to December, 2010) and was also Co-Head - Equities with DSP Black Rock Investment Managers Private Limited (June, 2004 to March, 2008)

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