HSBC names new Apac commercial banking head
Sandeep Uppal will become the group’s regional head of international subsidiary banking, Asia-Pacific from June.
Sandeep Uppal will become the group’s regional head of international subsidiary banking, Asia-Pacific from June.
HSBC named Sandeep Uppal as its new regional head of international subsidiary banking (ISB), Asia-Pacific, effective 1 June. He succeeds Ajay Sharma, who was recently appointed HSBC’s regional head of global trade and receivables finance for Asia-Pacific.
Uppal, currently HSBC’s head of commercial banking (CMB) in India, will lead teams across 19 Apac markets in Asia-Pacific with responsibility for growing the part of HSBC that provides coverage to the subsidiaries of CMB clients within the large corporate and mid-market segments. He will report to both Stuart Tait, regional head of commercial banking Asia-Pacific, and Cate Luzio, global head of ISB.
Rajat Verma succeeds Uppal as HSBC’s head of commercial banking in India from 1 June. Currently head of corporates for commercial banking in India, Verma has been with the group for more than 19 years and held senior roles within the commercial banking, global banking and global liquidity and cash management businesses. Verma will report jointly to Stuart Tait and Stuart Milne, chief executive officer (CEO) of HSBC India.
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