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Rajnish Narula Appointed CEO of DBS Cholamandalam

DBS Cholamandalam Asset Management Limited, has announced that Mr Rajnish Narula will be the new Chief Executive, effective June 23, ,2006. He will replace Mr. Sashi Krishnan.

Mr Narula was earlier the Chief Executive Officer of Alliance Asset Management Limited. He has over two decades of experience in banking with ANZ Grindlays Bank (and, subsequently, Standard Chartered Bank) where he was the Head of Investment Services and Priority Banking.