Goldman Sachs AMC gets SEBI nod to launch MF biz

MUMBAI: Goldman Sachs Asset Management, a subsidiary of The Goldman Sachs Group, Inc. on Monday received regulatory approval from the Securities and Exchange Board of India to start a wholly-owned mutual fund business in India.

The senior management team appointed to spearhead the asset management operations of Goldman Sachs Asset Management in India is led by Adam Broder as chief executive officer and Prashant Khemka as chief investment officer.

Khemka said, ���It is our goal to emerge as a world class asset manager in India, by drawing synergies from our global expertise and combining them with our proven risk management techniques to deliver strong and consistent results for our investing clients.���