Global bank HSBC, on Monday, announced that Hitendra Dave would be appointed as Chief Executive Officer of HSBC India on receipt of regulatory approval and has been appointed interim Chief Executive Officer effective June 7, 2021.
Dave succeeds Surendra Rosha who, after three years is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific, the bank said in a release.
Dave, formerly Head of Global Banking & Markets of HSBC India, has almost 30 years of work experience in the Indian Financial Markets, of which the last 20 have been with HSBC.
He joined the bank in 2001 in the Global Markets business and has risen through the ranks to his current role as MD & Head of Global Banking and Markets business, the dominant contributor to HSBC India’s PBT over the years.
Dave is a post-graduate in Business Administration and holds a degree in Economics from Delhi University.
India is the third-largest contributor to HSBC’s Group profits with Hong Kong and Mainland China being the top two contributors.
First Published: Jun 7, 2021 10:11 AM IST
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