The Hongkong and Shanghai Banking Corporation (HSBC) on Monday said it has appointed former State Bank of India (SBI) chairman Rajnish Kumar as an independent director and a member of Audit Committee and Risk Committee of the Asian entity.
The Indian operation is a branch of this Asian entity. HSBC is also listed in the UK as a separate entity called HSBC Plc.
Rajnish Kumar retired in October 2020 after a 40-year career at the SBI. His international tenure included stints at SBI's UK and Canada operations.
“Rajnish’s depth and breadth of experience across India’s financial industry will be an