Salomon Smith Barney (SSB) said it has appointed two sales executives to its Indian equities business in Hong Kong and New York. Both have come from WI Carr Indosuez.


Narayan P. Mulchandani joins as a director in Indian equities sales based in Hong Kong and Rajesh Sachdeva is named a Vice President in Indian equities sales based in New York.


Mulchandani was with WI Carr Securities in Hong Kong since 1997, most recently as a director with responsibility for Indian subcontinent equity sales. Prior, he was a manager at Jardine Fleming Broking Limited in Hong Kong for two years.


He holds a Bachelor of Science in Electrical Engineering and a Master of Business Administration from Cornell University in Ithaca, New York.


Sachdeva will specialize in the Indian market, building on his experience with Indosuez WI Carr Securities in North America selling Indian equities. Sachdeva’s prior experience also includes seven years covering Asian equities both on the buy side with Alliance Capital in Asia (as an equities analyst with a focus on the technology sector ) and on the sell side with Natwest Securities and the JP Morgan Indian Joint Venture.


He graduated with honors from XLRI Institute of Management with an MBA (where he was the recipient of the Ram Awatar Chachra Gold Medal for the Best Student in Finance). He also has a Bachelor of Science in Engineering from Indian Institute of Technology where he was voted best outgoing student.


“These appointments in our Indian equity sales team represent an important advancement in our effort to provide Asian coverage to our global clients,” says William Choy, managing director and head of Asia Pacific Equities. “They are further evidence of Salomon Smith Barney's commitment to bring the highest level of service across the Asian product range.”