Aditya Birla Sun Life AMC Limited unveiled a measured internal realignment of its senior leadership, announcing two moves within the governance of its fixed-income and alternate investments franchise. The board approved a re-designation for Karan Dave, who currently serves as Executive Vice President – Alternate Assets, Fixed Income, to Head – Alternate Investments, Fixed Income and a Senior Management Personnel, effective April 2, 2026. In parallel, Amit Kansal has tendered his resignation as Head – Alternate Investments, Fixed Income, with effect from the close of business hours on April 1, 2026, to pursue career opportunities outside the Aditya Birla Group.
Karan Dave’s re-designation places a familiar executive at the helm of the firm’s alternate investments in the fixed-income arena. Dave brings nearly two decades of experience in corporate lending and investments across structured and project finance, with a long tenure at Aditya Birla Capital Group (ABC) spanning 15 years. At ABC, he has been credited with scaling wholesale lending and building out capabilities across origination, deal structuring, portfolio management, and exits. His academic credentials include an MBA from IIM Bangalore and a rank-holder Chartered Accountant designation. The move signals ABSLAMC’s intent to consolidate its approach to alternate investments within fixed income under a single leadership umbrella.
Amit Kansal’s departure marks the end of a notable chapter in ABSLAMC’s leadership in the same space. In his resignation letter, Kansal cited the pursuit of career opportunities outside the Aditya Birla Group and expressed gratitude for the opportunities to work across ABSLAMC, ABC, and the broader Group ecosystem over roughly 15 years. While his exit creates a gap, the internal re-designation of Dave offers a continuity-focused transition, underscoring the company’s emphasis on nurturing leadership from within and sustaining momentum in its investment strategy going forward.