HSBC Global Asset Management has appointed Vikramaaditya to the new position of Head of Business Strategy.
Based in London, Vikramaaditya, reports to John Flint (pictured), Global Chief Executive Officer and to Rudolf Apenbrink, Chief Executive Officer for EMEA. He is charged with leading strategic projects that will support the business’s ambitious growth plans.
Flint says: “HSBC Global Asset Management is already a significant asset manager with approximately USD450bn under management. Given the strength of our brand name and extensive global footprint, we are well positioned for continued growth. Vikramaaditya has the right experience to lead a number of the initiatives that are underway, particularly relating to our emerging markets business”.
Vikramaaditya has been with HSBC for more than 12 years. From mid 2008 he held the position of Chief Executive Officer for HSBC Global Asset Management in India. In this role, he led the team through a challenging business environment, during which the market endured a liquidity crisis and the asset management industry underwent significant regulatory changes.
Flint adds: “This appointment marks an important development in achieving our ambitious growth plans. In particular, Vikramaaditya’s vast experience at the coal face of emerging markets for HSBC means that we now have an important driver in place in meeting our aspirations.”
HSBC Global Asset Management is a leading emerging markets franchise, with approximately USD145bn assets under management (2).
In India, Vikramaaditya is succeeded by Puneet Chaddha as CEO, HSBC Asset Management (India). Puneet has been with HSBC in India since 1993, most recently as Head of Commercial Banking.