The appointment follows the retirement of a 30-year State Street veteran Sri Pools, who had led the India business for more than two years.
The hire follows a string of regional appointments for the global fund services business, as it now looks to capitalise on the growing Indian AIF market.
Kedaara will use the tech giant’s private capital fund services to support its funds, including utilising SS&C’s investor services platform and performance reporting tools.
BNP Paribas has promoted the COO of its India brokerage business to lead the securities services franchise in the country.
India's markets regulator has relaxed requirements for FPIs to renew their license following calls from custodians to ease the process for firms working remotely.
HSBC stated it completed the transition in ‘record time’, after consolidating all custody and fund administration functions for its $18 billion of assets.
In the fourth part of our ‘what to look out for in 2020’, we ask industry experts’ in Asia for their input on trends to watch out for in the New Year.
The creation of the new role comes as the South Asia region primes itself for increased growth, mainly driven by greater foreign investor flows.
With the regulator’s approval, Deutsche Bank becomes the first and only custodian to launch commodity custody in India.
The membership gives the bank the opportunity to work closer with CSD and CCP members on a number of key industry topics.