Board Of Directors

Shirish Apte

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.

Rajeev Kannan

Rajeev Kannan

Non-Executive Director

Sudha Pillai

Sudha Pillai

Independent Director

Anindo Mukherjee

Anindo Mukherjee

Non Executive Director

Nobuyuki Kawabata

Nobuyuki Kawabata

Non-Executive Director

Shantanu Mitra

Shantanu Mitra

CEO & Managing Director

Milan Shuster

Milan Shuster

Independent Director

Yeo Hong Ping

Yeo Hong Ping

Non-Executive Director

Mr. Rajeev Kannan is a Non-Executive Director on the Board of Fullerton India. He is the Managing Executive Officer and Deputy Head of Asia Pacific Division of Sumitomo Mitsui Banking Corporation (SMBC) and is responsible for all corporate and institutional banking activities in Asia Pacific. Prior to this role, Mr. Kannan was Head of Investment Banking for Asia based out of Singapore and previously been responsible Structured Finance based out of Tokyo.

Mr. Kannan has over 27 years of investment banking, emerging market investing, corporate coverage and energy & infrastructure sector experience globally. He is also a member of Board of Director of Clifford Capital Pte Ltd, Pierfront Capital Pte Ltd and ARA Asset Management Limited.

Mr. Kannan holds a master’s degree in management and engineering from Birla Institute of Technology & Science (BITS), Pilani. Mr. Kannan was awarded IBF Distinguished Fellow in 2019 by The Institute of Banking & Finance, Singapore.

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.

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.

Mr. Nobuyuki Kawabata is a Non-Executive Director on the Board of Fullerton India. Currently, he is the Managing Executive Officer and Deputy Head of the International Banking Unit of Sumitomo Mitsui Banking Corporation (SMBC) from April 1, 2019. He had been CEO of the Americas Division and Managing Executive Officer of SMBC since April 1, 2016, and was appointed Managing Executive Officer of Sumitomo Mitsui Financial Group (SMFG) on April 1, 2017.

Mr. Kawabata has more than 35 years of banking experience in different areas and roles. He has been instrumental in tripling revenue and expanding new business of Americas division, introducing Hedge Fund/ PE Fund in Tokyo, establishing of Sumitomo Mitsui Financial Group (SMFG), a holding company of which SMBC is a wholly-owned subsidiary, multiple other merging and acquisitions.

Mr. Kawabata holds a B.A. degree in Tokyo University of Foreign Studies.

Mr. Shantanu Mitra is the Chief Executive Officer & Managing Director of Fullerton India. He is responsible for the overall corporate strategy of the company and its subsidiaries, covering Risk, Operations, Technology, Analytics and Digital Initiatives.

Shantanu has over 40 years of experience in financial services, with over 20 years at Standard Chartered Bank and Citibank where he had stints in India, Singapore and Thailand. His last role in Standard Chartered Bank was Senior Regional Risk Officer, India, Middle East & Africa, based in Mumbai. His previous experience with Fullerton India included a stint from 2010 to 2017, initially as Head of Consumer Risk for the parent company Fullerton Financial Holdings, Singapore and subsequently a very successful tenure as CEO & MD with Fullerton India.

He has extensive experience in Risk Management, spanning many geographies in Emerging Markets including Asia, Africa and the Middle East. Mr. Mitra holds a BSc in Statistics from the University of Calcutta, India and is a Member, Institute of Chartered Accountants, England & Wales. Since his previous retirement from FICC, Shantanu has served in various Board and Advisory capacities including, Non-Executive Director at DBS Bank, India; and Operating Partner with Global PE firm, Advent International including as Advisor in their portfolio companies.

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. Yeo Hong Ping is a Non-Executive Director on the Board of Fullerton India. As the Chief Executive Officer of Fullerton Financial Holdings Pte Ltd. (FFH), Mr. Yeo oversees the building of FFH’s franchise and the development of FFH’s vision and strategies with the goal of increasing stakeholder value on a sustainable basis. As Chief Executive Officer, Mr. Yeo has overall responsibility of FFH and its investee companies.

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.