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. 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.

Mumbai, Maharashtra, September 24, 2012 /India PRwire/ -- L&T Mutual Fund announces the appointment of Mr. Soumendra Nath Lahiri as Head - Equity. 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)

Notes to Editor

About L&T Finance Holdings Limited:

LTFH is a non-operating holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries, namely, L&T Finance Limited (L&T Finance), L&T Infrastructure Finance Company Limited (L&T Infra), L&T Investment Management Limited (L&T Mutual Fund) and L&T FinCorp Limited (L&T FinCorp). It is registered with the RBI as an NBFC-ND-SI, and has applied to the RBI for registration as a CIC-ND-SI. LTFH is promoted by Larsen & Toubro Limited (L&T), one of the leading companies in India, with interests in engineering, construction, electrical & electronics manufacturing & services, IT and financial services. As of June, 30th 2012, LTFH (consolidated) had loans and advances of INR 26,184.34 Cr.

About L&T Finance Limited:

Incorporated as an NBFC in 1994, L&T Finance is registered with the RBI as an NBFC-ND-SI, and is classified as an Asset Finance Company (AFC). L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture. It is primarily engaged in short to medium term asset backed financing viz. construction equipment finance, transportation equipment finance, rural products finance, supply chain finance, corporate loans and leases, microfinance, etc. As of June, 30th 2012, L&T Finance and L&T FinCorp had loans and advances of INR. ~ 15,054 crores.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


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