Saturday, April 26, 2008

HSBC Named Fund Administrator For ICICI Pru AMC

MUMBAI: ICICI Prudential Asset Management Company has outsourced its fund administration for over 100 schemes to HSBC Securities Services. With assets under management of Rs 54,321.87 crore as of March 31, this is the largest and most complex third party outsourcing project ever undertaken in the Indian funds industry. The successful implementation of this initiative demonstrates our ability to infuse in customisation of global solutions for the Indian market.

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