President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It envisages the establishment of a register for cryptocurrency wallets and addresses certain legal aspects pertaining to the circulation of cryptocurrencies in the country. Presidential Decree Aims to Prevent Use of Crypto Wallets in Criminal Activities Belarusian President Alexander Lukashenko has […]

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The post $9 Trillion Asset Management Firm Blackrock To Add Bitcoin Trading To Its Services appeared first on CoinGape.

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DUBAI, Feb 9, 2022 - (ACN Newswire) - Aditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.

Aditya Birla Sun Life AMC Limited is the fourth largest asset manager in India with total assets under management of close to $42 billion. The publicly listed company has its presence in over 280 locations pan-India and present in international markets such as Dubai, Singapore, and Mauritius. It also operates via UCIT to cater to European markets. The company recently received approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City in India that will help to expand its reach and service to global clients. Aditya Birla Sun Life AMC Limited's offshore subsidiaries manage money to the extent of USD 1.32 billion. ABSLAMC is a subsidiary of Aditya Birla Capital Limited (a non-bank financial services conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF).

Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, "We are delighted to have Sarath Sathkumara come on board. He is a seasoned global emerging markets investor with over 30 years of experience in international capital markets and investing. His rich experience, illustrious background and in-depth knowledge of global markets will be an instrument in capitalizing overseas opportunities and launching investment solutions that cater to the needs of international investors. This further strengthens our overseas presence and aligns with our strategy of expanding our offshore business. Sarath will initially focus on launching ESG centered products, along with relevant solutions to cater to GIFT City and overseas clients".

In his current role with ABSLAMC's offshore arm, Sarath has joined as CIO International. Most recently, Sarath was the Managing Director/Portfolio Manager for Taiyo Pacific Partner's India engagement investing business, starting the business 10 years ago and building it ground up. Prior to that, he has worked as a Chief Investment Officer of SBI Venture Capital in Singapore. From 2002 to 2008, Sarath was a Senior Portfolio Manager with the State Street Global Advisors' Active Emerging Markets Group (AUM $12bn), focusing on Asia and MENA regions. Before that Sarath spent 7 years with Capital International in Singapore as part of Capital International's Emerging Markets team (AUM $24bn). He was instrumental in building and running Capital's India business from 1993, the year India opened for foreign investment and witnessed India's capital market transformation. Before that he was with HSBC Group for 10 years in investment and corporate banking in Dubai, San Francisco and New York.

About Aditya Birla Sun Life AMC Limited

Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. ABSLAMC also operates multiple alternate strategies including Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. ABSLAMC is one of the leading asset managers in India, with a pan India presence across 280 plus locations and a total AUM of over Rs. 3,109 billion under its suite of mutual fund (excluding our domestic FoFs), portfolio management services, offshore and real estate offerings and 7.6 million investor folios for the quarter ending December 31, 2021.

For any media queries, please contact:
Amrita Panja
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.

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In a major step, the Eastern European country of Belarus has decided that it will let investment funds seek exposure to digital assets. Belarus’ Ministry of Finance for public consultations has published amendments that seek to lure some investment funds. The department said that despite it having the necessary regulatory framework for collective investments, not

The post Just-In: Belarus Gives Green Signal to Investment Funds for Investing in Crypto appeared first on CoinGape.

Belarus, a landlocked country in Eastern Europe has maintained a progressive crypto narrative over the years. The country publicly explored a potential move into mining digital coins like Bitcoin in February last year. Fast forward to 2022, the government made amendments to lure institutional traction concerning digital assets within its region. Digital signs  The Ministry […]

Belarus, a crypto-friendly country is preparing to allow investment funds to invest in digital currency. The plan is part of a slew of law measures aimed at luring such organizations to the country.  The Ministry of Finance has submitted amendments aimed at enticing investment capital to Belarus. Despite having a statutory framework in place for communal investments, no single fund has been registered in the country to date. Representatives from professional circles have pointed out that one of the key reasons for the lack of such funds is that they are now prohibited from investing in crypto assets. According to the finance ministry, the market for ‘digital signs (tokens),’ the legal word for cryptocurrencies, has been rapidly expanding. The ministry has drafted a resolution revising its own decree on securities market activities relevant to investment funds. It intends to allow the funds to work as securities dealers and inhabitants of the Belarus High-Tech Park at the same time (HTP). The latter is in charge of a specific legal framework designed to help the country’s digital economy, which includes the crypto sector. Belarus opened its doors to crypto firms in the spring of 2018 when it passed a decree ‘On the Development of the Digital Economy.’ President Alexander Lukashenko approved the legislation, which included tax reductions and other incentives for businesses working with digital assets.  While it is illegal to use cryptocurrencies for payment in Belarus, HTP residents can create and exchange coins and tokens. The country’s largest bank offers a service that allows users to purchase and sell digital currencies.  According to Chainalysis’ crypto adoption index, Belarus is ranked third in Eastern Europe after Russia and Ukraine, due to substantial peer-to-peer activity.

The post Belarus is Preparing to Allow Investment Firms to Acquire Crypto Assets appeared first on Cryptoknowmics-Crypto News and Media Platform.