Mr. Engineer is a Science Graduate from Bombay University and holds a Diploma in Business Management from Hazarimal Somani College, Mumbai. He has a rich experience of 40 years in the fields of finance and banking. In his career illustration Mr. Engineer was associated with HDFC Bank since 1994 in various capacities and retired in October 2013 as Executive Director on the Board of the Bank and responsible for Wholesale Banking including International Banking.
Prior to joining HDFC Bank, Mr. Engineer worked with Bank of America for 26 years in various areas including operations and corporate credit management. During his stint with Bank of America he worked in various locations like Hong Kong, Los Angeles, London, Singapore, Thailand and Indonesia in addition to the longest stint in Mumbai.
He has also been associated with Aditya Birla Capital Advisors Pvt Ltd, Barclay Investments & Loans (India) Limited, Infrastructure leasing & Financial Services Limited, International Asset Reconstruction Company, Piramal Finance Pvt Ltd.
Since October 2013, Mr. Engineer has also been appointed as a Senior Consultant to International Finance Corporation (IFC), Washington, to manage investment in select FIs & Banks in South Asia. He is on the Boards of The Federal Bank Limited, Aditya Birla Capital Advisors Private Limited, Barclays Investments & Loans (India) Limited, Infrastructure Leasing and Financial Services Limited, International Asset Reconstruction Company Private Limited, Piramal Finance Private Limited and Navin Fluorine International Limited. He is also on the Board of HDFC Property Ventures Limited.
Executive Director and Chief Executive Officer
Mr. Shastri is a qualified Chartered Accountant and also holds a Post-graduation degree in Economic Management & Policy from University of Strathclyde, Glasgow. He has over 17 years of experience in the mutual fund industry with considerable exposure with entities & fund houses like DSP Merrill Lynch, Birla Sunlife, HDFC and ABN AMRO in investment related functions, corporate & institutional relationships, risk control methodologies, procedures & tools, product development, etc.
Mr. Shastri had also been responsible for driving business led growth with Sahara Mutual Fund, Lotus Mutual Fund, where he had achieved phenomenal growth through increased brand awareness measures, management of different verticals, managing strategic partnerships with stakeholders etc.
His last assignment was with Pramerica Mutual Fund as Director & Business Head - Portfolio Management Services and Products with overall responsibility for establishing & managing the portfolio management business and developing asset management products.