HSBC appoints Hitendra Dave as Head of Global Banking Markets

Global financial services major HSBC today said it has appointed Hitendra Dave as the Head of Global Banking and Markets for India and Sunil Sanghai as Vice Chairman and Head of Investment Banking.
Dave will report to Stuart P Milne, Group General Manager & CEO, India and Gordon French, Group General Manager & Head of Global Banking & Markets, Asia-Pacific, the company said in a statement.
With this appointment, Dave's responsibilities have been widened and will now include Corporate Banking, Capital Financing, and Financial Institutions, it added.
Previously, Dave was the Head of Global Markets for HSBC India.
Sridhar Narayan takes over from Dave as the Head of Global Markets in India, and will report to Hitendra Dave and Monish Tahilramani, Co-Head of Global Markets, Asia-Pacific.

To strengthen coverage of HSBC's key clients in India, Sunil Sanghai has been appointed Vice Chairman and Head of Investment Banking, the statement said.
He will continue to report to Stuart P Milne, Group General Manager & CEO, India and Martin Haythorne, Co-Head of Global Banking, Asia-Pacific, it added.
The Hongkong and Shanghai Banking Corporation Limited in India offers a full range of banking and financial services through 50 branches and 140 ATMs across 29 cities.