Sanjiv Duggal is Head of Asian and Indian Equities while Viresh Mehta is Head of Equities of HSBC India AMC.
HSBC Global Asset Management today announced appointments for two key posts to strengthen its Asian equity fund management team.
Sanjiv Duggal, currently serving HSBC as Investment Director and lead Manager of HGIF Indian Equity fund, is to be appointed as Head of Asian and Indian Equities. Duggal has been with HSBC MF for last 17 years in Mumbai, London and Singapore and will move to Hong Kong in his new role. He will continue to manage HSBC’s Indian Equity Fund.
Viresh Mehta, Senior Portfolio Managerfor the HGIF Indian Equity Fund will be appointed as Head of Equities. He will relocate to Mumbai. Mehta has worked with HSBC Global Asset Management in Mumbai and Singaporefor 11 years.
Both the appointments are subject to regulatory approvals.
Puneet Chaddha, CEO, 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."
Bill Maldonado, Regional CIO Asia-Pacific as well as global strategy CIO Equities said “These appointments will enhance HSBC Global Asset Management’s Asian equities capabilities and will allow us to meet our clients’ needs even more effectively.”
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.
HSBC Mutual Fund manages Rs 5230 crore as on March 31, 2013.
