HSBC Global Asset Management has promoted Vikramaaditya as head of business strategy, a new role at the bank. Based in London, he will be reporting to global chief executive John Flint, and to Rudolf Apenbrink, the EMEA chief executive.
Previously, Vikramaaditya’s was head of HSBC Global Asset Management in India, and has been at the bank for 12 years. He is charged with leading strategic projects that will support the business’s ambitious growth plans, particularly in the emerging markets. HSBC Global Asset Management has $145bn in assets under management in its emerging markets franchise.
Flint said: “HSBC Global Asset Management is already a significant asset manager with about $450bn under management. Given the strength of our brand name and extensive global footprint, we are well positioned for continued growth.”
He added: “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). Puneet has been with HSBC in India since 1993, most recently as Head of Commercial Banking.