Naina Lal Kidwai to step down as HSBC India head
Other | Photo Credit: Reuters

Naina Lal Kidwai, one of the top women professionals in the country, is retiring from her position as chairperson of banking and financial services firm HSBC India with effect from December 31, 2015.

Kidwai, who has been with the bank for the last 13 years, is also retiring from her role as executive director on the board of HSBC Asia-Pacific.

She joined the banking firm as group general manager in 2006 and was promoted as CEO in 2007. She took over as chairperson in 2009.

"I want to take this opportunity to thank Naina on behalf of all her colleagues for her service to HSBC over the last 13 years. During this period, she has served HSBC with distinction in a number of senior roles, and we wish her every success for the future," said Peter Wong, chief executive of HSBC Asia-Pacific.

Currently, Kidwai serves as non-executive director on the board of Nestle SA; chairwoman, City of London's Advisory Council for India; and global advisor, Harvard Business School. She is also on the governing board of NCAER, audit advisory board of the Comptroller and Auditor General of India, and the national executive committees of CII and FICCI.

"Having reached retirement age, it is time for me to move to different pursuits. I intend to spend more time in the areas of women empowerment and water and sanitation where I have been engaged over the last decade in different capacities," Kidwai said.

She holds a bachelor's degree in Economics from University of Delhi and an MBA from Harvard Business School.

HSBC India, a part of $2,572 billion 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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