BOI AXA Investment Managers Private Limited is a joint venture between Bank of India and AXA Investment Managers, a part of AXA Group, one of the world’s largest players in the Financial Protection industry.

Bank of India has 5000 branches across India. Presently Bank of India has an overseas presence in 22 countries spread over 5 continents – with 60 offices including 5 Subsidiary, 5 Representative Offices and 1 Joint Venture. (source:

AXA Investment Managers (AXA IM) is one of the world's leading asset managers, backed by the strength of the AXA Group with assets under management (AUM) of EUR 732 billion as on 30.9.2017. AXA IM employs 2412 employees that operate in 22 offices across 62 countries in Europe, the Americas, Asia and the Middle East. (source:

On May 7, 2012, Bank of India (BOI) acquired a 51% stake in the then Bharti AXA Investment Managers Private Limited (BAIM) and Bharti AXA Trustee Services Private Limited (BATS). Consequent to this change in JV Partnership, BOI became a Co-Sponsor along with existing Sponsor, AXA Investment Managers ("AXA IM") and the Fund was renamed as BOI AXA Mutual Fund, and BAIM was renamed as BOI AXA Investment Managers Private Limited, and BATS was re-named as BOI AXA Trustee Services Private Limited.

The partnership brings together Bank of India’s massive network and experience in the Indian market and AXA’s global expertise in financial management.

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Joint Venture Partners

Bank of India

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks.

The Bank has over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices and 8 NBG Offices. There are 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad.

The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.

While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.

Presently Bank has overseas presence in 22 foreign countries spread over 5 continents – with 60 offices including 5 Subsidiary, 5 Representative Offices and 1 Joint Venture, at key banking and financial centers viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York


AXA Investment Managers (AXA IM) is one of the world's leading asset managers, backed by the strength of the AXA Group with assets under management (AUM) of EUR 732 billion as on 30.09.17.

Founded in 1994, AXA IM is an active asset manager fully owned and backed by the AXA Group, a world leader in financial protection. AXA IM provides both local and global investment solutions for a wide variety of clients, ranging from the AXA Group and its insurance companies, to institutional investors - pension funds, insurance companies, corporates, non-profits, family offices and sovereign wealth funds - and distributors - both wholesale and retail.

AXA IM employs 2412 employees that operate in 22 offices across 62 countries in Europe, the Americas, Asia and the Middle East (as at 30/09/2017).

Mr. Bruno Guilloton

Mr. Bruno Guilloton is CEO of AXA IM - Asia Pacific, and has been a shareholder representative for AXA IM's joint ventures in Asia for more than a decade. An expert at fund management, he joined AXA Investment Managers, Paris in 1999 as Head of Equities. Later, he became the Chief Executive Officer of AXA Investment Managers, Tokyo and led the merger between AXA Rosenberg, Japan and AXA Investment Managers. Mr. Guilloton left Asia in 2005 and became Global Head of Internal Audit, a position that he held till recently. Prior to joining AXA Investment Managers, Mr. Guilloton was Head of Equity Fund Management at Credit Mutual Finance for 5 years. He previously worked for 10 years with Banque Indosuez as a Financial Analyst and Portfolio Manager, before being appointed Joint Head of Equity Management in France at Indosuez Asset Management.

Mr. R Ganesan

Mr. R Ganesan has been associated with Bank of India for more than 38 years. He has over 15 years experience in Treasury and has also worked in Tokyo for 4 years as Head-Treasury. Further, He has also worked across India as Zonal Manager and Assistant General Manager.

Mr. Ajit Kumar Mishra

Mr. Ajit Kumar Mishra is currently the General Manager in Bank of India. Mr. Mishra has been associated with the Bank of India since January 1984. He has over 35 years of varied experience in areas of banking such as Credit, Planning, Strategy and Economic Intelligence Branch Administration, Audit, Administrative/Controlling offices, National Banking etc. He was the Managing Director of BOI (Botswana) Ltd, (overseas-international Branch and Rep. Office) in London for 3 years. He was a faculty in Bank’s Training Colleges for more than 5 years.


Mr. Sudhir Chand

Mr. Sudhir Chand has over 43 years of work experience in various functions of General Management, Marketing, Sales, Manufacturing, HR and Consulting. Started his career with Crompton Greaves ltd (7yrs) and then served Exide Industries Ltd for 28 years in various leadership positions including - 10 years as an Executive Director on the main Board . He retired from Exide in 2006 and has since been involved in management education and Consulting through Inflexion Management Services Pvt Ltd. a company founded by him in 2006. An Electrical Engineer from BITS Pilani had further education in marketing management from Univ of Bombay and Executive development programmes in IIM Ahemdabad and Cranefield School of Management UK. Sudhir was visiting faculty at Management Development Programs at IIM Calcutta and Calcutta Management Association. He is on the academic council of Globsyn Business School (Kolkata). He teaches marketing courses at Globsyn Business School Kolkata and School of Inspired Leadership (SOIL) at Gurgaon. During his corporate career he has served on various committees of CII, Bengal Chambers of Commerce and Industry, and is past president of Calcutta Management Association. He is an associate of and does assignments for:

  • Grow Talent Company Ltd ,the parent company of SOIL( School of Inspired Leadership) in areas of Talent Appreciation, Leadership Development and Executive Coaching.
  • Right Management India(P) Ltd (one of the World's largest talent and career management consulting firm- Part of the Manpower Group USA) in areas of Talent Appreciation, Development Centers, Leadership Development and Executive Coaching
  • SHRM India(part of Society for Human Resource Management USA - the world's largest HR membership Organisation) as a Master Facilitator.
  • MART(the country's pioneering organization in rural marketing) for some rural, social and marketing projects.
Mr. Sanjay Gupta

Mr. Sanjay Gupta has more than 25 years of experience in leading corporations through major transformational initiatives such as Set up, Consolidation, Migration, Outsourcing, Restructuring of delivery capabilities across multiple geographies. He was till recently a senior executive with American Express, a Fortune 50 company, leading a large global team (having joined the Bank in 1996). He pioneered India's first every global operations centre. He has created and formulated breakthrough transformational strategies, and optimized Financial and Customer operations. At American Express, he has been responsible for creating a Global Functional operating structure with strong underlying six sigma capability in US, UK and India. He was India leader for AMEX, when he finally left the company after a long and productive career. Prior to American Express, Sanjay has worked with a large telecom services provider during 1994-1996 setting up paging services business, and before that as Chief Financial Officer with soft drinks major and a tractor major respectively. He is presently on the Advisory Board of Acumen Fund and Schneider Electric. He is Global Guest Faculty for Duke University Corporate Education. He is also a Global CEO of English Helper Inc.

Mr. Atul Sahasrabuddhe

Mr. Atul Sahasrabuddhe is a Financial Consultant since 2002. He is currently the Vice-Chairman on the Advisory Board of Yen Management Consultants where it is his responsibilty to guide and oversee the Firm's business, with which he has been associated since November 2006. Mr. Sahasrabuddhe started his career with the American Express Bank in November 1984. During his tenure with the organisation till December 1993, he was involved in various activities including forex trading and derivatives. In 1994, he joined Maharaja organisation, a Sri Lankan group, as Executive Director and Group Treasurer. Mr Sahasrabuddhe joined ING Bank, India in January 1995 as Head of Financial Markets, responsible for the bank's money market and foreign exchange operations. In 2000, he was elevated as CEO of ING Bank, India, and was responsible for the Bank's commercial, investment banking and financial markets (Treasury) activities for the Asian sub-continent region. He stepped down from the CEO position in October 2002.

Mr. S C Kalia

Mr. S C Kalia has been a career Banker for nearly four decades. A Gold medalist Post Graduate in Political Science, Mr. Kalia joined Bank of Baroda in 1973 and worked in several capacities up to the level of General Manager in Bank of Baroda till 2008 when he was appointed as Executive Director of Vijaya Bank by Government of India. Mr. Kalia also served as Executive Director of Union Bank of India till his superannuation in 2011. Mr. Kalia has been member of various committee constituted by Government of India, Reserve Bank of India & Indian Bank Association. He has rich Corporate Governance experience having served on Boards of various Banks and committee (including that of Domestic & Overseas subsidiaries of Bank of Baroda) & other institutions. Having served in London and Mauritius and having carried out Home office inspections in various overseas jurisdiction in Bank of Baroda, Mr. Kaila also has rich international experience. Post retirement, Mr. Kalia has served as member of the committee constituted by Reserve Bank of India on Priority Sector Lending and Advisor & Head Debt Markets Cell constituted by DFS, Ministry of Finance, Government of India under the aegis of IIFCL. He has also been associated with Corporates, NBFCs as Advisor in financial service sector space. Mr. Kalia is currently working as Senior Strategic Advisor at Yes Bank. He is also member of Empowered Committee on External Commercial Borrowings constituted by Reserve Bank of India and Member of Banking and Finance Committee of Indian Merchant Chamber, Mumbai besides being on the Board of some companies.

Mr. Ravi Gupta

Mr. Ravi Gupta has more than 31 years of professional experience in banking and financial services with Bank of India. Mr. Gupta has taken a charge as General Manager International Division from February 2017. Prior to this role, Mr. Gupta has worked as General Manager - Business Process Re-engineering Department of Bank of India from May 2016 to January 2017. He has held several distinguished positions during his career with Bank of India. In various capacities, he has effectively discharged his responsibilities as Branch Head, Zonal Head, Divisional Head, in various facets - Banking, IT, HR, etc in India and abroad (Singapore). Mr. Gupta was incharge of Forex back office, Investments, Accounts, etc., during his stint at Bank of India, Singapore.

Mr. Raghu Palat

Mr. Raghu Palat is the Chairman and Managing Director of Cortland Rand Consultancy Private Ltd, a consultancy on strategy and new initiatives for banking and finance organizations; and a Director of Cheque Mate InfoTech Private Ltd., a company specializing in knowledge management. Mr. Palat also has extensive corporate experience. Between 1998 and 2000, he acted as a consultant to restructure two banks in East Africa - Investments and Mortgages Bank and Biashara Bank of Kenya Ltd. Between 1995 and 1997, he was CEO-India for Bank International Indonesia, India, and was responsible for setting up the bank's operations in the country including regulatory licensing. He served American Express Bank for 14 years at various positions before leaving his position as Senior Director and Chief of Staff for India in 1995. He is also Dean - Banking in Welingkar Institute of Management and Research since mid-2006. He played a pivotal role in developing a diploma course in banking at the institute. Mr. Palat firmly believes that formal education should be a fine blend of fundamental and practical knowledge and teaches banking to post graduate students.

Mr. Sumant Chadha

Mr. Sumant Chadha is a senior partner with the accounting firm M/s T R Chadha & Co., Chartered Accountants (CA) and heads the Assurance practice. An astute accountant, he joined the firm in the year 1984. T R Chadha & Co is an independent member firm of the BKR International, one of world's leading accounting and consulting association firms. It conducts activities across areas such as accounting & audit, business advisory & assurance, domestic & international tax and corporate consulting. Mr. Chadha is also a member of the Board of Governors of the Institute of Internal Auditors, Delhi Chapter and Co-Chairman of Membership Development Committee of PHD Chamber of Commerce. He is a regular guest speaker with the "TV Today Group" and lends his views on market centric programs on "Headlines Today" and "Aaj Tak". He has also been a panel speaker at various seminars organized by the CA Institute and contributes articles to accounting publications.

Mr. A K Bhargava

Mr. A K Bhargava has been associated with the Punjab National Bank (PNB) since 1965 till 2003, when he retired as General Manager. In his 38 years of tenure he headed various Bank departments such as Credit, Treasury, Management Advisory and Services Division, Priority Sector and Lead Bank Division, IT Division. He also headed various Zones and exceptionally large branches of the bank. Mr. Bhargava was a Member/Chairman of various committees constituted by PNB, Reserve Bank of India (RBI), Indian Banks Association (IBA), etc. Mr. Bhargava is a Law Graduate & a Certified Associate of the India Institute of Bankers.

Mr. S A Bhat

Mr. S A Bhat was appointed by the Government of India as Executive Director of UCO Bank on February 2, 2006. He later went on to become the Chairman & Managing Director (CMD) of Indian Overseas Bank (IOB) till his term expired on October 31, 2010. He started his career with Bank of India (BOI) as a Probationary Officer in 1972 and was with them till February 1, 2006. He was Chief Dealer at Mumbai Overseas Branch of BOI, and also had a two-year stint at the bank's London Branch. He also served as Vice President and Comptroller for four years at Bank of India's New York Office. He has headed BOI's Chennai Zone as Zonal Manager. As General Manager - International Banking, he was in charge of the entire International operations of BOI. Later as General Manager - Risk Management, he was responsible for the implementation of Risk Management techniques and Basel II norms. While at BOI, he was also a nominee director for STCI, IL & FS and Indo Zambia Bank. Mr. Bhat is a Science Graduate.


Mr. Sandeep Dasgupta

Sandeep is the CEO at BOI AXA Investment Managers. He joined the Company in December 2006. A veteran in the financial services industry, Sandeep has over 30 years of experience, covering Asset Management, Investment Banking and Corporate Finance. Prior to joining BOI AXA, Sandeep was the CEO of Deutsche Asset Management in India where he set up the entire India operations and built a successful business over a period of six years. An Electronics Engineer and an alumni of IIM Ahmedabad, Sandeep began his career in Investment Banking in 1987. He later moved to the Asset Management Business as Head of Sales and Marketing at Alliance Capital Asset Management in the year 1996.

Mr. Arun Prasad G

Arun, is a Commerce and Management graduate has over 24 years of experience in the financial services industry. He has previously worked with Fidelity Asset Management, MasterCard, MetLife Insurance and Franklin Templeton Asset Management. Arun is Deputy CEO and he is responsible for Sales, Business Development, Marketing, PR & Communication, Customer Service, Office Admin, Operations & Finance at BOI AXA Investment Managers.

Mr. Alok Singh

Alok is a Post Graduate in Business Administration from ICFAI Business School and a CFA with over 15 years of experience in Fixed Income Fund Management. He has a wealth of experience and impressive track record in fund management both for resident as well as for overseas investors. As part of his previous employer BNP Paribas Mutual Fund, Alok has won numerous awards for stellar fund performance during his career span. Alok heads the overall Equity & Fixed Income Investment Operations for BOI AXA Investment Managers as Chief Investment Officer.

Mr. Rajesh Chawathe

Rajesh is a Law Graduate and Company Secretary with over 23 years of work experience in Banking and Financial Services industry. Prior to joining BOI AXA Investment Managers, Rajesh worked with ING Mutual Fund, Tata Communications and the ICICI Group. In his long stint of 15 years with the ICICI Group, he had extensive exposure in secretarial, legal and compliance matters. He was actively involved in incorporating various companies for the Group. Rajesh joined BOI AXA in March 2011 and is responsible for Compliance, Legal and Secretarial functions of the Company.

Ms. Beena More

Beena is a Science Graduate and a certified Human Resource professional with over 19 years of diverse experience in financial services and other versatile businesses. Beena joined BOI AXA IM in June 2006. Prior to which she was associated with Royal Sundaram General Insurance, MSC Shipping, Godrej & Boyce Mfg. Co. Pvt. Ltd and Bhimrajka Impex Group maneuvering multi-dimensional role and responsibilities. Beena leads the entire spectrum of Human Resource function for BOI AXA Investment Managers as Head of Human Resources and Organisational Development.

Mr. Piyush Baranwal

Piyush joined BOI AXA Investment Managers in July 2014. He has close to a decade of work experience in the fixed income space involving fund management, trading and credit assessment. Prior to BOI AXA, he was associated with Morgan Stanley Investment Management, where he was responsible for fund management as well as credit assessment. He has completed his PGDBM (Finance) from S. P. Jain Institute of Management & Research, Mumbai and B.E. from Manipal Institute of Technology. He has also completed the CFA certification course conducted by the CFA Institute, USA.

Mr. Saurabh Kataria

Saurabh joined BOI AXA Investment Managers in August 2009, and has more than a decade of experience in the Financial Services industry. He has been associated with organizations like Askar Capital Private Equity, Goldman Sachs and Irevna Research Services, over the span of his career. His qualifications include Bachelor of Commerce (Hons.) from the Delhi University, and MBA from ICFAI Business School (IBS - Hyderabad).



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