A regulatory diktat has triggered a rush for risk professionals among asset managers, bringing what is essentially a low-key, back-office profile into the spotlight.
In a circular issued in September last year, the Securities and Exchange Board of India (Sebi) had asked asset management companies (AMCs) to appoint dedicated risk officers for managing investment, compliance, operational, and cyber risks, along with a chief risk officer (CRO) by April 1, 2022.
