HSBC Global AM bolsters Asian equities capabilities
31 May 2013
News, Asia, Hong Kong, India, Singapore
By Asia Asset Management
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. Mr. Duggal has been with HSBC Global AM for over 17 years in Mumbai, London and Singapore, and will move to Hong Kong in his new role. He 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. Mr. 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.
Bill Maldonado, regional chief investment officer, Asia-Pacific and global strategy CIO, equities, 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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