People Moves: HSBC, Putnam Investments, Deutsche Bank, SEI Investments
HSBC Holdings Plc
HSBC Holdings Plc has named Jayant Rikhye chief executive officer of its India unit, effective on 1 December.
Rikhye, pictured left, succeeds Stuart Milne. He is currently the bank’s head of international for the Asia-Pacific region, as well as Asia-Pacific head of strategy and planning at HSBC, which he first joined in 1989.
During this time he has worked in a number of places for the bank, including Taiwan, Hong Kong and the United Arab Emirates, according to a statement announcing his appointment.
Milne’s new role is not yet defined. He has been India CEO for five years. He will take a three-month sabbatical from January, and the bank said it will announce his next position in due course.
Boston-headquartered money management firm Putnam Investments has named Oliver Grimson director of investment management, which will see him overseeing institutional sales to the Nordics and Benelux regions.
Grimson joins Putnam Investments from London-based Dimensional Fund Advisors, where he has spent the last six years as client relationship manager, in charge of EMEA institutional sales.
Deutsche Bank AG has named Neel Laungani to head up its technology, media and telecoms (TMT) investment banking operations in Asia Pacific, as the German bank looks to build its acquisition and capital market activities in the region.
Laungani joins Deutsche Bank from Standard Chartered, where he was the head of global TMT since 2011, the company said in a statement.
In his new role at DB, Laungani will continue to be based in Hong Kong and will succeed Joaquin Rodriguez Torres, who left Germany’s largest lender last year to join Princeville Global, a San Francisco-based tech-focused investment fund with an outpost in Hong Kong.
Laungani started his investment banking career at Lehman Brothers in 1994, and also spent time at Standard Chartered.
SEI Investments Co
SEI Investments, the NASDAQ-listed, Oak, Pennsylvania-based investment company, has named David Hintz manager of its US Equity Portfolio, to oversee the management of all of its US large-cap equity strategies.
The company didn’t say who he replaces in the role, which will see Hintz reporting to Jason Collins, global head of equity portfolio management in SEI’s Investment Management division.