HSBC India names banking and markets head

HSBC has elevated Hitendra Dave to the head of banking and markets for India. His responsibilities will expand to corporate banking, capital finance and financial institutions.

HSBC has appointed Hitendra Dave as the head of global banking and markets for India.

Dave was previously the head of global markets for HSBC India responsible for the growth of sales and trading, balance-sheet management and debt financing in the country. He is also a director at the Fixed Income Money Market & Derivatives Association of India. 

In his new role, Dave will be in charge of trading in debt markets, equity capital markets, debt capital markets and corporate banking, including financial institutions. 

He will report to Stuart Milne, group general manager and chief executive for India and Gordon French, group general manager and head of global banking & markets for the Asia-Pacific. 

Sridhar Narayan takes over from Dave as the head of global markets in India, and will report to Dave and Monish Tahilramani, co-head of global markets for Asia-Pacific, HSBC said in a release.

HSBC is one of the world’s largest banking and financial services organisations. The bank serves more than 47 million customers through four global businesses: retail banking and wealth management, commercial banking, global banking and markets, and global private banking.