Board Of Directors

Shirish Apte

Chairman, Independent Director

Mr. Shirish Apte is the Chairman of the Board of Fullerton India and an Independent Director. He has over 32 years of experience with Citibank across several countries and geographies. He was Chairman of Citibank Asia Pacific Banking from 2012 to January 2014 before retiring from Citi. Prior to that, he was regional CEO for Citibank businesses in the Central/Eastern Europe, Middle East & Africa, and co-CEO for Citi Asia Pacific.

Currently, he is serving as a Director on several other boards.

Mr. Apte has a Bachelor of Commerce degree from Calcutta University and Master of Business Administration degree from London Business School. He is a qualified Chartered Accountant from the Institute of Chartered Accountants, England and Wales.

Rajashree Nambiar

Managing Director & Chief Executive Officer

Anindo Mukherjee

Non Executive Director

Sudha Pillai

Independent Director

Milan Shuster

Independent Director

Premod Thomas

Independent Director

Hong Ping Yeo

Deputy Chairman and Non-Executive Director

Radhakrishnan B. Menon

Independent Director

Promeet Ghosh

Non Executive Director

Ms. Rajashree Nambiar is the Chief Executive Officer and Managing Director of Fullerton India. She is responsible for the overall corporate strategy of the company and its subsidiaries - covering Risk, Operations, Technology, Analytics and Digital initiatives.

Prior to joining Fullerton India, she served as the CEO and Executive Director at India Infoline Finance Ltd., the NBFC arm of the IIFL group. At IIFL Finance, Ms. Nambiar successfully developed and executed a long term business strategy, which focused on diversification of the retail segment into retail housing, commercial vehicles, gold and SME loans. She created a robust organisational structure with centres of excellence for core functions, and a strong future leadership pipeline. During her stint, the firm showed strong year on year profitability with doubling of the book in a short span of 3 years.

Before IIFL, Ms. Nambiar spent 22 years with Standard Chartered Bank within the retail segment, where she held various management roles such as Head of Branch Banking, Country Head of Distribution and General Manager - Distribution & Alternate Channels, India & South Asia. Her latter position at the Bank was as Head of Retail Products for India & South Asia. She is an MBA from Jamnalal Bajaj Institute of Management Studies.

Mr. Anindo Mukherjee is a Non-Executive Director on the Board of Fullerton India. Currently, he is the Chief Operating Officer at Fullerton Financial Holdings Pte Ltd. (FFH), Singapore. Mr. Mukherjee oversees the company’s operational activities and works closely with the investee companies to implement their business plans, manage risk and governance, and develop operational capabilities.

Mr. Mukherjee has more than 25 years of banking experience. Prior to joining FFH, he was responsible for the Risk Management, Legal and Compliance functions in Fullerton India. His vast experience includes working with Standard Chartered Bank, where he was the Regional Credit Officer for the Consumer Business in India & South Asia and having exposure across a variety of other international and private banks, including Bank of America, ABN AMRO Bank and HDFC Bank.

He is a Chartered Accountant from the Institute of Chartered Accountants of India and Cost & Management Accountant from Institute of Cost and Works Accountants of India.

Ms. Sudha Pillai is an Independent Director on the Board of Fullerton India. Ms. Pillai, a 1972 batch IAS officer held a number of senior positions in the Government of India and the State Government of Kerala for 40 years. Her last assignment was as Member Secretary (in the rank of Minister of State) Planning Commission, Government of India.

She handled the Industry and Finance portfolios for nearly twenty years. In Government of India, she worked in the Ministries of Industry, Corporate Affairs, Labour and Employment. She contributed notably to 1991 reforms in Industrial and Foreign Direct Investment Policies, as also in bringing amendments to corporate laws and in formulation of the National Skill Development Policy. In Kerala, as Principal Secretary Finance, she worked to achieve enhanced development outcomes, coupled with efficient fiscal management. Earlier as CMD, Kerala Finance Corporation, she had dealt with the project financing to SMEs.

She is currently on the Boards of many other companies. She holds a masters’ degree in Public Administration from Kennedy School of Government, Harvard University.

Dr. Milan Shuster is an Independent Director on the Board of Fullerton India. He is a professional with several decades of experience in the banking sector. Dr. Shuster served at Asian Development Bank, ING Bank, National Bank of Canada, Nippon Credit Bank in various capacities. After working as the President and CEO of P. T. Bank PDFCI, he served Bank Danamon Indonesia in various capacities. He became its president and CEO and later its Independent Commissioner. He has also served many other entities in Directorial and advisory capacities.

Dr. Shuster holds PhD in International Law and Economics from Oxford University, Master of Law from London School of Economics, Bachelor of Law from University of Western Ontario and Bachelor of Business Administration from Ivey Business School.

Mr. Premod Thomas is an Independent Director on the Board of Fullerton India. Mr. Thomas is the Chief Executive Officer of Bayfront Infrastructure Management Pte Ltd., a Singapore-based specialized asset management company set up to mobilize institutional capital into Asia infrastructure debt. Bayfront is jointly owned by Clifford Capital, Singapore and the Asian Infrastructure Investment Bank, Beijing.

Prior to this, he spent a number of years with Bank of America, Standard Chartered Bank and the Temasek Group focusing on corporate finance, mergers and acquisitions and new businesses.

Mr. Thomas serves on a number of Boards. He is an Independent Director and Member of the Audit and Risk Committee of Singapore-listed Mapletree Commercial Trust Ltd, the Independent Chairman of the Investment Committee of MGSA Private Trust and an Independent Director of Gemstone Asset Holdings Pte Ltd, Singapore. He is additionally an Executive Director of Bayfront Infrastructure Management Pte Ltd and BIM Asset Management Pte Ltd.

He holds an MBA from the Indian Institute of Management, Ahmedabad and is a Bachelor of Commerce from Loyola College, Chennai.

Mr. Hong Ping Yeo, is the Deputy Chairman of the Board of Fullerton India and a Non-Executive Director. As the President of Fullerton Financial Holdings Pte Ltd. (FFH), Mr. Yeo oversees building FFH’s franchise and is overall responsible for FFH and its portfolio of companies.

Mr. Yeo has over 20 years of experience in financial services. Before joining FFH, he was the Managing Director of J.P. Morgan and was responsible for its overall investment banking business in Singapore. He also served as a member of the Senior Management Committee of J.P. Morgan Singapore and member of Board of J.P. Morgan (SEA). He previously held other senior appointments including Head of Real Estate Investment Banking and Head of Corporate Finance in Southeast Asia.

Mr. Radhakrishnan B. Menon is an Independent Director on the Board of Fullerton India. He has a wide range of experience and accomplishments in Human Resources with best-in-class global organisations such as GE, Cadbury, Bausch & Lomb and Hindustan Unilever. He led the HR function in strategic and leadership roles across diverse businesses, categories, cultures and geographies.

In September 2007, he founded the LBW (Leadership in Business Worldwide) Consulting Pvt. Ltd., a distinctive Leadership Development consulting firm. Prior to this, he was the Executive Director-HR & Corporate Communications for Cadbury Indian Subcontinent. Since 2007, he continues to serve on the Board of Cadbury and later as an Independent Director, with Mondelez India. He has also served on the Boards of number of other reputed organisations.

Presently, as MD of LBW, he continues to actively consult, coach and, advise varied and diverse organisations in the areas of OD, Strategic HR and Leadership Development across India, and overseas in Middle East, UK, Far East and South Asian countries. He is a post graduate in Human Resources management from the Tata Institute of Social Sciences, Mumbai. He is a Professional Certified Coach (PCC) of International Coach Federation (ICF). He has co-authored the book “Coaching in Asia - the First Decade”.

Mr. Promeet Ghosh is a Non-Executive Director on the Board of Fullerton India. Mr. Ghosh joined Temasek in 2012 and is currently Deputy Head, India, at Temasek Holdings Advisors India Pvt. Ltd.

Prior to Temasek, Mr. Ghosh spent 20 years as an investment banker. He was involved as a partner in setting up an entrepreneurial venture to provide M&A and advisory services to mid-sized corporates in India. Mr. Ghosh was also a Managing Director at DSP Merrill Lynch Limited, the Investment Banking arm of Bank of America in India. During his 18 year stint with DSP Merrill Lynch, he held several senior positions including Head, General Industries Group and Head, Corporate Finance Group. Since 2008, he has also been responsible for senior relationships with large conglomerates.

Mr. Ghosh holds an MBA from the Indian Institute of Management Calcutta and a Bachelor of Engineering from Regional Engineering College Trichy, India.

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