HSBC Global AM names Southeast Asia head

HSBC Global Asset Management has appointed Puneet Chaddha, chief executive for India, as CEO for Singapore and head of Southeast Asia, the latter being a newly created role. Sources suggest the move does not bode well for third-party fund providers to HSBC's retail and private bank. Chaddha will start in the post on November 1, succeeding Kalen Lim, who has held the role since June 2013 and will move to another senior position within HSBC. Chaddha is a career India veteran, havi…