HSBC Asset Management (India) Pvt. Ltd. appoints Tushar Pradhan

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HSBC Asset Management (India) Private Limited today announced the appointment of Tushar Pradhan as CIO of HSBC Mutual Fund from June 15, 2009. As CIO, Tushar will be responsible for all investment activities and investment strategy.

Tushar has over 17 years of experience in fund management. He is an MBA in Investment Finance, having graduated from the University of Hartford, Connecticut, USA in 1992. He worked in the US for a couple of years before returning to India and has worked with HDFC Asset Management and more recently with AIG Global Asset Management.

Tushar’s appointment strengthens further the well recognized investment team at HSBC Mutual Fund and reaffirms HSBC’s commitment to its asset management business in India.

Vikramaaditya, CEO, HSBC Asset Management (India), said: “We welcome Tushar on board and are confident that he will play a key role in the continued growth of HSBC Mutual Fund. The mutual fund industry has huge potential in India and this key appointment underlines our commitment to become one of the leading asset management companies in India. "

HSBC Asset Management (India) Private Limited
314 D. N. Road, Fort, Mumbai – 400 001, India
Tel: 91 22 66145000 Fax: 91 22 40029600
www.assetmanagement.hsbc.com/in