Global Custodian Adds Rich, Kothari to Asia Hall of Fame

Global Custodian inducted State Street’s Jason Rich and NSE Clearing CEO Vikram Kothari into its GC Hall of Fame during the Leaders in Custody Asia awards. The publication said the induction recognises their long careers and contributions to securities services and market infrastructure in the region.

The GC Hall of Fame honours industry figures with decades of experience who have led change across custody, clearing, settlement and related services. Inductees are typically credited with leading major initiatives, shaping regulatory and operational standards, and building relationships among clients, regulators and other stakeholders.

Jason Rich has more than 25 years in banking and financial services and has spent 17 years at State Street. He is country head for Singapore and Southeast Asia and regional head of sales for Asia Pacific. In those roles he leads business development across investor services and global markets, expands client relationships across business lines, and oversees growth strategy in Singapore, Brunei, Malaysia and Thailand. Rich previously led State Street’s asset owners and official institutions segment across APAC and helped secure several large Australian superannuation mandates. Before State Street he held senior roles at Royal Bank of Canada and earlier positions at Westpac, focused on trade finance and foreign exchange.

Vikram Kothari has more than 30 years of experience in custody, clearing, settlement and capital markets transformation. During his tenure as managing director and CEO of NSE Clearing, he led operational and market reforms including implementation of T+1 settlement, introduction of investor-level collateral segregation, and rollout of enhanced risk management frameworks intended to strengthen market resilience, increase transparency and improve investor protection in Indian capital markets. He began his career at HSBC and J.P. Morgan, where he worked on scaling institutional custody and clearing businesses and developing operational and client capabilities. Kothari has also participated in international industry forums and policy discussions on market infrastructure and regulation.

Global Custodian cited Rich and Kothari for sustained leadership and for delivering structural changes within their organisations and markets. Their inductions add two senior executives to the publication’s list of figures honoured for long-term contributions to custody and post-trade operations in Asia and beyond.