HSBC on June 7 announced, on receipt of regulatory approval, that Hitendra Dave would be appointed as Chief Executive Officer of HSBC India’s operation and has been appointed interim Chief Executive Officer effective June 7, 2021.
Surendra Rosha has been succeeded by Hitendra Dave who was formerly Head of Global Banking & Markets of HSBC India and has almost 30 years of work experience in the Indian Financial Markets. He has been with the bank for the last 20 years. On the other hand, Surendra Rosha is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific, after his 3-year stint with HSBC India as CEO.
Hitendra holds a postgraduate degree in Business Administration and a Bachelor’s degree in Economics from Delhi University. He joined the bank in 2001 in the global Business Markets and since then has been a contributing factor to HSBC India’s PBT over the years. He is also a member of various advisory committees and his contributions to the development of the bond market in India as a regular member of Reserve Bank of India (RBI) committees are praiseworthy.
Surendra Rosha in a statement said, “I cannot think of a more qualified person to take over the mantle of leadership at HSBC India. We have a clear strategy, and the investment commitment from the Group.”