MUTUAL FUNDS
Baroda BNP Paribas AMC announces appointment of Directors
Feb-17-2025

Baroda BNP Paribas Asset Management (AMC) has announced addendum to the Statement of Additional Information (SAI) of Baroda BNP Paribas Mutual Fund.

BNP Paribas Mutual Fund has informed that Dr. Rabi Narayan Mishra and B. Raghavendra Rao have been appointed as Independent Directors on the Board of Directors of Trustee, with effect from Friday, February 14, 2025. The details of their appointment are as follows:

1: Dr. Rabi Narayan Mishra (64 years), possess an MA, Ph.D (Economics), Post Doctoral Fellow (Economics). Dr. Rabi Narayan Mishra was the former Executive Director of RBI in charge of Supervision of Banks, Non-Banking Finance Companies (NBFCs), Urban Co-operative Banks (UCBs) and Supervisory Technology (SupTech). In his four-decade career in RBI, he held important portfolios, including Head of Risk Monitoring and Founder-Head of Financial Stability. He is a reputed Academician with doctorate in Economics and Post Doctorate in the Economics department of Harvard University. He was the Head of RBI's Apex Training Institution (RBSC) at Chennai and was the Founder Director of the College of Supervisors, which has been established by RBI to upskill Supervisors/Regulators/Financial Stability Managers of India and abroad. Mishra has served as a member of the Board of banks in India. He was a member of the Board of Supervision of NABARD and co-chaired the Expert Committee formed by IRDAI to improve the Supervisory Techniques of the Insurance Sector. He carries experience of working with IMF, BIS, FSB and many other international Groups in the space of Risk Management and Financial Stability.

2: B. Raghavendra Rao (61 years), possess an M.Sc (Tech) in Instrumentation Engineering. B. Raghavendra Rao has experience of more than three decades in banking. He was associated with State Bank of India (SBI) and retired as Deputy Managing Director in June 2023 after serving 33 years. He has served in important segments of banking like Treasury Operations, High Value Credit, International Banking Operations and Retail operations. He also acquired rich experience in International Operations of SBI, with work experience of 7 years in 3 countries, namely Germany, Maldives and UK wherein he was designated as Chief Executive Officer in SBI Maldives and SBI London. Rao also served as Nominee Director of prominent companies like CCIL (Clearing Corporation of India) and CWC (Central Warehousing Corporation). He also served as Chairman of key self-regulated organizations of Indian financial markets, namely FIMMDA (Fixed Income Money Market and Derivatives Association of India) and FEDAI (Foreign Exchange Dealers Association of India). Currently he is also a member of Investment Committee of Modulus Alternative Investment Managers. His professional achievements included certification from Associate of Indian Institute of Bankers, Certified AML KYC Professional from ACAMS and undergone training programmes on Business management from Chicago Booth School and London Business School.

This Notice cum addendum forms an integral part of the SAI of the Fund and the addenda issued thereunder. All other terms and conditions as mentioned in the SAI remain unchanged.


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