MASTER MIND FINNASSET: HSBC Global Asset Management has announced appointments to strengthen the firm's Asian Equity capabilities

Tuesday, June 04, 2013

HSBC Global Asset Management has announced appointments to strengthen the firm's Asian Equity capabilities

HSBC Global Asset Management has announced appointments to strengthen the firm's Asian equity capabilities.

Subject to regulatory approval, Sanjiv Duggal, currently Investment Director at HSBC Asset Management Singapore and lead manager of the HGIF Indian Equity fund, is appointed Head of Asian and Indian Equities. Duggal has been with HSBC Global Asset Management for over 17 years in Mumbai, London and Singapore, and will move to Hong Kong in his new role. Duggal will continue to manage the HGIF Indian Equity fund.

Also subject to regulatory and other local approvals, Viresh Mehta, Senior Portfolio Manager for the HGIF Indian Equity fund, is to be appointed Head of Equities for HSBC Global Asset Management India Private Limited and will relocate to Mumbai. Mehta has worked for 11 years with HSBC Global Asset Management in Mumbai and Singapore. HSBC is adding further to its team in Mumbai to support future growth in its domestic fund ranges and to provide analytics for its international funds that invest in Indian equities.

Puneet Chaddha, Chief Executive Officer, HSBC Global Asset Management India said: "With this move we will significantly enhance our ability to serve our global and domestic clients with regard to Indian equities. This is also a testament to our commitment to growing our asset management business in India."

Regional Chief Investment Officer, Asia-Pacific and global strategy CIO, Equities, Bill Maldonado said: “One of HSBC's great strengths is its ability to connect clients with investment opportunities in faster growing markets. These appointments will enhance HSBC Global Asset Management's Asian equities capabilities and will allow us to meet our clients' needs even more effectively.”

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