In a quiet but notable leadership realignment, SBI Funds Management Limited announced an internal shift at its August 20 board meeting. Rajat Grover, already embedded as a Senior Management Personnel and serving as Chief Human Resources Officer and Head Corporate Social Responsibility, will take on an expanded mandate to oversee sustainability, adopting the new title Chief People & Sustainability Officer (CPSO). The move underscores the company’s intent to fuse people strategy with environmental, social, and governance priorities from within the leadership suite.
The change is described as an internal designation adjustment rather than an external appointment, with Grover continuing in his SMP capacity while augmenting his remit to shepherd the firm’s sustainability agenda. Effective August 20, 2026, the evolution signals SBI Funds Management’s emphasis on aligning talent, culture, and ESG objectives under a single leadership umbrella, an approach that many asset managers are embracing as stakeholders increasingly prize integrated governance.
Observers will watch how the CPSO role shapes talent development, CSR initiatives, and sustainability integration across the organization’s operations and client-facing activities. By elevating a figure who already stewarded HR and CSR, the company signals that people and sustainability are no longer parallel tracks but a coordinated strategy—one that could influence how the firm attracts, engages, and retains talent while deepening its ESG credentials in a competitive funds-management landscape.