People Moves
HSBC Hires New India CEO

The new CEO is currently HSBC's head of financial institutions group for Asia-Pacific.
HSBC has appointed
Surendra Rosha as chief executive for HSBC India, subject to
regulatory approvals.
Rosha is currently HSBC’s head of financial institutions group
(FIG) for Asia-Pacific, and has experience of working with retail
and commercial banks.
He began his financial services career when he joined HSBC’s
Indian operations in 1991. He has worked in multiple roles in FX
trading, corporate treasury sales, treasury and capital markets
across a variety of countries.
The new India CEO succeeds Jayant Rikhye, who is taking a leave
of absence for medical reasons.
“Surendra’s 27 years of experience in financial services makes
him ideally suited to leading our bank in India and driving
forward our strategy in one of HSBC’s key markets,” said Peter
Wong, deputy chairman and CEO of HSBC.
Recently, this publication
reported that India’s Wadhawan Global Capital, has hired
senior executives from global and Indian wealth management
companies, eyeing the rising affluent middle class in the
country.