Peerless Funds Management Co (PFMCL) announced the appointment of Killol Pandya as head-fixed income, based out of Mumbai.

Commenting on this appointment, Rajiv Shastri, managing director, PFMCL, said, ''It's a pleasure to have Killol amongst us. With over 15 years of experience, he has a distinguished and consistent track record in the Indian fixed income markets, and his presence further strengthens our investment team and its capabilities.''

Prior to joining PFMCL, Killol Pandya was senior fund manager-debt at LIC Nomura MF, and was responsible for management of the liquid and fixed income products with an AUM of around Rs.90 billion. He was also instrumental in conceptualizing and managing India's first G-sec ETF. Prior to LIC Nomura MF, Killol has also worked with Daiwa and SBI Mutual Funds.