Hubbis has strengthened its franchise and commitment to the Indian private banking and wealth management market by appointing Hansi Mehrotra as managing director of its business in the country.
"I am excited to partner with Hubbis to develop a B2B content and training business in India," said Mehrotra, who was most recently Asia Pacific head of wealth management for Mercer's Investment Consulting business, based in Singapore.
Early successes for Hubbis in the local market in 2011 included: developing relationships with many of the leading and most senior practitioners and firms in the industry; hosting its inaugural Indian Wealth Management Forum(http://www.hubbis.com/forum/awmf2011_in/); publishing The Guide to Wealth Management 2011: India Edition (http://www.hubbis.com/tgtwm2011-Indianedition.php); and building a community of professionals.
The India business will continue to focus on providing content and training via forums, online learning solutions and publishing to the wealth management and private banking industry.
"There is a huge need for technical and soft skills training in the wealth management industry in the region, and more so in India," said Mehrotra. "Given the cost pressures and the diversity of skill levels in the industry, we believe it is essential to have an online solution which allows advisers to learn in their own time. Hubbis has built an excellent Learning Management System (LMS) which would be hard to match in a hurry, and given the company's specialist industry focus, the training content library is also impressive. I am looking forward to customising the offering for the Indian wealth management market and helping to raise standards."
Mehrotra has about 19 years of financial services industry experience, primarily in investment research and consulting for the wealth management industry. At Mercer, she was responsible for the firm's investment offering to private banks and wealth management firms, having started this in Australia in 2003. Before that she held a similar role at van Eyk, a leading research firm in Australia. In addition to doing research on mainstream and niche product segments, Mehrotra's roles at both Mercer and van Eyk included the development of the service delivery to financial advisers through online research and financial planning tools, and its investment training offer. She was also responsible for launching Mercer's investment business in India primarily for research coverage and therefore had been traveling regularly to India since 2008.
Said Michael Stanhope, chief executive officer of Hubbis: "We greatly appreciate all the patronage and support of everyone in the Indian wealth management and private banking community to date. And as the industry continues to develop, we aim to contribute to this by strengthening our commitment to the market in 2012 and beyond. Hansi is well-respected, capable, and has very relevant experience. We feel privileged that she has joined us to lead our business in India."
India-focused projects already in the pipeline this year are:
- The Indian Private Banking Forum 2012 - in Mumbai on Tuesday 12th June
- The Guide to Wealth Management 2012: India Edition - in September
- The Indian Wealth Management Forum 2012 - in Mumbai on Thursday 6th December
The forthcoming event in June is expected to involve 350 leading market professionals, discussing the issues, opportunities and challenges in the private banking segment - via in-depth presentations, case studies and free-flowing panel discussions from leading speakers in the local and international markets.
Any industry practitioners who are interested in participating in the agenda, and any product manufacturers, professional services firms or vendors who might be interested in supporting this event, should contact firstname.lastname@example.org.
Also in the Indian market, Hubbis plans to enhance the existing low-cost, interactive and plug-and-play online training platform that it has already developed for the Asian wealth management industry - by creating content relevant to India.
Mehrotra added that she is looking forward to playing a more instrumental role in bringing together the Indian wealth management and private banking industry through roundtables, conferences and online forums. "It is important that we discuss and debate issues amongst ourselves so we can present more coherent views to our clients and regulators," she said at a series of roundtables which she moderated last week on behalf of Hubbis in Mumbai.
Mehrotra recently relocated from Singapore to Mumbai. She has been guest practitioner for the Securities Institute (now called FINSIA), CFA Institute and more recently the Singapore Management University, for wealth management topics. She holds a Bachelor of Arts degree from Delhi University, Graduate Diploma of Applied Finance and Investments and Chartered Financial Analyst charter from CFA Institute (Charlottesville).
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