HSBC Asset Management in India has poached Mihir Vora from ABN AMRO Asset Management to head the equities side of its fund management business.

In his new role, Vora will be in charge of day-to-day operations and fund management of all HSBC's equity funds and its future launches in the country. Vora had the same role at ABN AMRO, which he joined in 2004 after a four-year stint at Prudential ICICI Asset Management.

Vora is a mechanical engineer from Maharaja Sayajirao University at Vadodara and has an MBA from the Indian Institute of Management at Lucknow. He began his career with SBI Mutual Fund and was there in various capacities until he moved to Prudential ICICI.

ABN AMRO said Prateek Agarwal will take over from Vora. Agarwal has over 12 years of experience in fund management and has been with ABN AMRO since 2004. He is an electronics engineer with an MBA from XavierÆs Institute of Management at Bhubaneshwar.

Agarwal began his career in investment banking at SBI Capital Markets where he was also involved in setting up the institutional broking business. He was previously the fund manager for the ABN AMRO Tax Advantage Plan (ELSS) and prior to that the head of equities research at the firm.