People Moves
HDFC Securities Appoints Private Broking, Wealth Management Head
HDFC Securities, the brokerage subsidiary of India's
HDFC Bank, has hired
Vinod Sharma to head its private broking and wealth
management division.
Mr Sharma was previously the director and research head for
Anagram Capital. In his new role, he will responsible for
building client relationships and advising customers on wealth
allocation and management, the company said in a statement. He
will report directly to the firm's managing director and chief
executive officer
Aseem Dhru.
The appointment comes at an opportune time for HDFC Securities,
particularly with the rise in the number of non-resident Indians
(NRIs) bringing their wealth onshore. A recent Forbes
Asia report has also shown that India's wealthiest are
surpassing their Chinese counterparts in terms of net assets,
totalling $276 billion.
HDFC Securities presently serves more than 700,000 clients in the
country.
