Hitendra Dave will be the Chief Executive Officer (CEO) of HSBC’s India operation, said the international banking and financial services company on Monday.
Dave’s appointment is subject to regulatory approval and until then he will work as interim CEO effective 7 June. Dave succeeds Surendra Rosha who, after three years, is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific.
Dave, 52, was the Managing Director and head of Global Banking & Markets of HSBC India, one of the key contributors to the company’s profits in the country. Dave joined HSBC in 2001 in the global markets business