GLOBAL - HSBC Global Asset Management has appointed Vikramaaditya to the new position of head of business strategy.
Based in London, Vikramaaditya will report to global chief executive officer John Flint, and chief executive officer for EMEA, Rudolf Apenbrink. He is charged with leading strategic projects that will support the business's ambitious growth plans.
Vikramaaditya has been with HSBC for more than 12 years and has held the position of chief executive officer for HSBC Global Asset Management in India since 2008.
Flint said: "HSBC Global Asset Management is already a significant asset manager with approximately $450bn 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.
"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."
In India, Vikramaaditya is succeeded by Puneet Chaddha as CEO, HSBC Asset Management (India). Chaddha has been with HSBC in India since 1993, most recently as head of commercial banking.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.