Birla Sun Life Asset Management to offer products on Indian savings market India venture for MFS

By Michle Harrison MFS Investment Management is to provide the fund management expertise for its new joint venture with Birla Sun Life Asset Management in Mumbai, India. The new group is called the Birla Sun Life Asset Management Company and is 50% owned by each group. MFS Investment Management, the American mutual fund manager and a subsidiary of Sun Life, will be providing the new venture's president, and the chief executive, Jeremy Beswick, will shortly be moving to Mumbai. Beswick said: "The fund management industry in India is still in its infancy and we see tremendous opportunities ...