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HSBC names new CEO for Singapore asset management business

HSBC Global Asset Management today (Oct 28) announced the appointment of Puneet Chaddha as Chief Executive Officer, HSBC Global Asset Management (Singapore) Limited, with effect from Nov 1, 2015.

HSBC said on Wednesday it has appointed a new chief executive officer for its Singapore asset management business.

Puneet Chaddha, previously chief executive of the bank's asset management unit in India, assumes the position from Nov 1.

In his new role, Mr Chaddha will drive the growth of HSBC's asset management business in Asean, supporting the wealth management and investment needs of the bank's clients across retail, commercial, corporate, institutional and private banking primarily in Indonesia, Singapore, Malaysia, Thailand and the Philippines.

He succeeds Kalen Lim, who will move to another senior role within HSBC.

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