HSBC India has appointed Sanjiv Sud as head of retail banking & wealth management. Prior to joining HSBC in India, Sud was based in Hong Kong from where he ran HSBC’s Asia-Pacific Consumer Assets business.

In his new role, he will be responsible for HSBC’s premier and advance propositions, wealth Management, liabilities, consumer assets, NRI business and the distribution network.

Sud brings with him over 25 years of experience in retail banking, the bank stated. He joined the HSBC Group in India in 1991 and worked across the entire retail banking and wealth management space. Over the past 20 years, he had worked in a number of diverse markets in Asia and the Middle East including Hong Kong, Indonesia, Taiwan, Malaysia and the UAE.

Speaking on the appointment, Stuart P Milne, group general manager & CEO of HSBC India, said, “Sanjiv is an experienced banker with a strong P&L and product management track record, and has experience in related credit, operations and risk management disciplines. After successful stints in various countries, I am confident he will continue to build our retail and wealth management business in India.”

(Edited by Sanghamitra Mandal)

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