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Mumbai Feb. 14 American International Group Inc today received regulatory approval from the Securities and Exchange Board of India to start its wholly owned asset management operations and mutual fund business in India. The licence for the same has been granted to AIG Global Asset Management Company (India) Pvt Ltd, a member company of AIG Global Investment Group.

It will act as Investment Manager of AIG Global Investment Group Mutual Fund.

The senior management team in India will be led by Mr Saurabh Sonthalia as Chief Executive Officer with Mr Tushar Pradhan as Chief Investment Officer, Equities and Mr Sridhar Narayan as Chief Investment Officer, Fixed Income.

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