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.