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HSBC appoints Hitendra Dave as India CEO; Rosha moves to HK

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Hitendra Dave

HSBC on Monday introduced Hitendra Dave will likely be appointed the chief govt officer (CEO) of HSBC India on receipt of regulatory approval, and has been appointed the interim CEO, efficient June 7, 2021.

Dave succeeds Surendra Rosha, who after three years is transferring to Hong Kong because the co-chief govt of HSBC, Asia-Pacific. Dave, previously head of worldwide banking and markets of HSBC India, has virtually 30 years work expertise within the Indian monetary markets, of which the final 20 have been with HSBC. He joined the financial institution in 2001 within the world markets enterprise.

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Rosha stated: “I can not consider a extra certified particular person to take over the mantle of management at HSBC India. We’ve got a transparent technique and the funding dedication from the group. I’m assured that underneath Dave’s management we are going to maximise the chance that lies forward. I sit up for working with him as we proceed to construct on the momentum of the India franchise into a better trajectory of progress.”

Dave is a postgraduate in enterprise administration and holds a level in Economics from Delhi College.

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