The London-based clearing house beat seven other firms to the mandate. Meanwhile, Chi-X is in talks with other Asia-Pacific exchanges over similar deals.
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Nathan Davison will co-head Asian prime finance with New York transferee David Murphy.
Kumar takes over from Suraj Mishra who has moved on to become regional director of partnership distribution at Prudential Corporation Asia.
Susumu Okamura takes over from Christof Kutscher, who has been running UBS Global AM's Japanese operations alongside his regional responsibilities for the past 17 months.
The number of high-net-worth individuals is on the rise in Asia.
Ex SG financier to spearhead energy deals across Asia.
Chi-Won Yoon becomes head of Asian equities in Singapore, while Brad Orgill is appointed CEO of Australasia.
Nordic Financial Systems appoints Christopher Jurss as a senior technical consultant to Asian clients.
Makes the move from Devonshire Capital Group.
US hedge fund FrontPoint poaches vet fund managers to establish Asia strategies, while other Sofaer execs bolt.
But the move to shorten settlement times is a dead letter; the new emphasis at the SEC is on same-day affirmation.
He replaces US-bound Ajay Kapur.