Babcock and Brown take on India
Financial services group Babcock and Brown has increased its presence in India, with a team of eight local investment and specialist fund and asset managers having joined the company’s existing Indian operations.
Former ABN Amro India employees will staff the two new offices in Mumbai and Delhi, and each have more than a decade operating experience in the Indian market, the company said in a statement.
Commenting on the move, Babcock and Brown regional head of Asia Michael Maxwell said the new recruits have the skills, local knowledge and relationships that will complement the company’s activities in the region.
“We are pleased to have increased our local presence and expertise in one of the world’s fastest growing economies.
“The Indian Government has already identified some US$320 billion of infrastructure investment requirements over the next five years to address the historic shortfall and support the economy’s rapid growth.
“The private sector will play a significant part in this growth and Babcock and Brown, with its strong track record and experienced team of local and international professionals, is now well placed to realise the significant number of opportunities that the region and our team will create,” he said.
Recommended for you
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
Despite the perception that short-term market events shouldn’t affect portfolio decisions, Praemium research finds 60 per cent of advisers have made portfolio changes in response to US President Donald Trump’s decisions.
International advice group Findex has appointed a senior individual to spearhead its M&A and growth operations across Australia and New Zealand, seeking to make the brand a household name.
