Singh, who most recently served as executive vice president and CFO of Gemstar-TV Guide International, will report directly to MGM's chairman and CEO Harry E Sloan.
In the newly created position Singh assumes overall responsibility for the company's financial activities, including strategic financial planning and human resources departments, information systems functions and relationships with the banking and finance community.
He will work closely with Mary Parent, the studio's recently appointed chairman of the Worldwide Motion Picture Group.
'Bedi brings an impressive wealth of worldwide entertainment industry and financial management experience to MGM's top financial post,' Sloan said. '[His] knowledge, experience and understanding of the world's financial centres 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.'
Prior to Gemstar-TV Guide International, Singh held high level finance positions at News Corporation and Sony Pictures Entertainment.