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HSBC India names Hitendra Dave as head of global banking & markets

By Anuradha Verma

  • 23 Mar 2016
HSBC India names Hitendra Dave as head of global banking & markets
Reuters | Credit: Shah Junaid/VCCircle

Global financial services major HSBC has appointed Hitendra Dave as head of global banking and markets for India, according to a statement. Dave was head of global markets for HSBC India.

Dave will report to Stuart P Milne, group general manager and CEO of India and Gordon French, who is group general manager and head of global banking and markets, Asia-Pacific.

With the appointment, Dave's responsibilities have been widened and will now include corporate banking, capital financing and financial institutions.

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On the other side, Sridhar Narayan will now take over responsibilities from Dave as head of global markets in India, and will report to Dave and Monish Tahilramani, co-head of global markets, Asia-Pacific.

Meanwhile, the company has appointed Sunil Sanghai as vice chairman and head of investment banking to strengthen coverage of HSBC's key clients in India.

He will continue to report to Stuart P Milne and Martin Haythorne, co-head of global banking, Asia-Pacific, it added.

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HSBC India, a part of The Hongkong and Shanghai Banking Corporation Ltd (HSBC), offers a range of banking and financial services. It has 50 branches and 140 ATMs across 29 cities, and employs over 32,000 people. 

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