SBICAP Ventures Appoints Prem Prabhakar As MD & CEO

SBICAP Ventures Limited (SVL) has appointed Prem Prabhakar as the new Managing Director and Chief Executive Officer, effective 4 June 2024. In his new role, Prabhakar will be responsible for overseeing the strategic direction, operational efficiency and overall growth of the company. He will lead the executive team, manage investor relations, and drive initiatives that align with SVL’s commitment to creating long-term value for its investors and supporting the communities in which it operates.

Prabhakar brings over 24 years of extensive experience in the banking sector. Prior to this appointment, he served as General Manager at the State Bank of India (SBI). His notable assignments include serving as Deputy General Manager (B&O) managing retail business and operations, Chief Dealer (Forex) at SBI Global Markets, Mumbai and Chief Dealer at SBI New York. 

Additionally, Prabhakar held the position of Director on the board of the Regional Rural Bank, Jharkhand Rajya Gramin Bank. His expertise lies in treasury operations with over 12 years of experience covering forex, money markets, derivatives, resource management, ALM and risk management.

On his new role, Prabhakar stated, "Joining SBICAP Ventures Limited is an exciting opportunity for me. SVL's commitment to creating long-term value for its investors and supporting communities resonates deeply with my professional values. I look forward to leveraging my experience to drive growth and innovation at SVL, and to contribute to its mission of excellence in alternative asset management."

In addition to this significant appointment, SVL also announced the launch of its latest fund, the TDC Fund in April this year.