The fund house has poached Bin Han from Credit Suisse amid a raft of recent hires to its institutional and wholesale teams across Hong Kong and Singapore.
Puneet Chaddha has transferred internally from Mumbai to become Singapore CEO and Southeast Asia head. Sources say the move doesn't bode well for third-party fund managers.
India's securities regulator has increased industry consultation and responded to concerns by introducing a number of key amendments and proposals, raising fund managers’ optimism.
In his new post as CEO of HSBC Global Asset Management India, Puneet Chaddha says he is bemused that investors still view mutual funds as just another stock.