Mumbai: Metro-Goldwyn-Mayer Studios (MGM) has announced that Bedi A. Singh has been named President, Finance and Administration & Chief Financial Officer of MGM, reporting directly to MGM chairman & chief executive officer Harry E. Sloan.

In this newly created position, Singh takes on the overall responsibility for the company’s financial activities. This includes oversight of the studio’s relationship with the banking and finance community as well as overseeing MGM’s strategic financial planning and human resources departments and information systems functions.

Singh’s appointment also signals further support for the studio’s commitment to ramping up its feature film production and distribution operations and he will work with Mary Parent, recently appointed Chairman, Worldwide Motion Picture Group at MGM. Additionally, Singh will look to enhance MGM operations for future growth.

"Bedi brings an impressive wealth of worldwide entertainment industry and financial management experience to MGM’s top financial post," said Sloan. "Among his financial accomplishments, Bedi contributed to the rebuilding of Gemstar-TV Guide and I was impressed by his long and successful career within the News Corp. family. Bedi’s knowledge, experience and understanding of the world’s financial centers and players will be a tremendous asset to the studio as we look to grow the studio’s output of filmed entertainment for the global marketplace."

Commented Singh, "I’m honored to be joining MGM at this exciting time of growth and evolution for the studio and look forward to working with Harry and Mary as well as the senior management team in realizing the goal of returning MGM to its rightful position among the top studios of Hollywood."