Bloomberg Prashant Jain, who oversees $27 billion at HDFC Asset Management Co., took home Rs.61.7 million ($931,000) in salary and Rs.163 million in stock options in the year ended on March 31, figures posted on the fund’s website for investors show. ICICI Prudential Asset Management Co., the second-largest fund, paid its Chief Investment Officer S. Naren Rs.48 million, while ...

  Bloomberg HSBC Private Bank (Suisse) SA is appealing a HK$605 million ($78 million) fine imposed by Hong Kong’s securities regulator in connection with its sales of structured products including Lehman Brothers Holdings Inc.-related notes between 2003 and 2008. The appeal hearing began in the city on Wednesday after the Securities and Futures Commission previously alleged failures in internal controls ...

  Paris / AFP France’s BNP Paribas has became the first European major bank to post a profit rise for the first quarter, delighting analysts and sending its shares sharply higher. Net profit grew by over 10 percent year-on-year to 1.8 billion euros ($2.1 billion) for the first three months of the year, thanks to one-off gains but also to ...