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Mumbai: HSBC Asia has appointed Rajnish Kumar as an independent non-executive director. Kumar was former chairman of SBI until October 2020 and has worked for the largest bank in the country for the entire 40-year career. At SBI, he has worked in the UK and Canada offices of banks.
“As HSBC focuses on the region, the wealth of experience in radishing across the Indian financial industry will be an invaluable addition to the board of directors of the Group’s major Asian companies,” said the board of directors. Chairman Peter Wong said. He added that the opportunities offered by its 1.4 billion population, 18 million non-resident Indians, and 40,000 multinationals make India an important element of HSBC’s growth strategy. Kumar is also a member of the Audit and Risk Committees.
Prior to resigning from SBI, Kumar was also chairman of the Bank of India Association and the Bank of India Financial Research Institute. He is currently a director of the Lighthouse Community Foundation in India, an independent director of Larsen & Toubro Infotech, a senior advisor to Baring Private Equity Asia in Singapore, and an advisor to Kotak Investment Advisors in Mumbai.
“As HSBC focuses on the region, the wealth of experience in radishing across the Indian financial industry will be an invaluable addition to the board of directors of the Group’s major Asian companies,” said the board of directors. Chairman Peter Wong said. He added that the opportunities offered by its 1.4 billion population, 18 million non-resident Indians, and 40,000 multinationals make India an important element of HSBC’s growth strategy. Kumar is also a member of the Audit and Risk Committees.
Prior to resigning from SBI, Kumar was also chairman of the Bank of India Association and the Bank of India Financial Research Institute. He is currently a director of the Lighthouse Community Foundation in India, an independent director of Larsen & Toubro Infotech, a senior advisor to Baring Private Equity Asia in Singapore, and an advisor to Kotak Investment Advisors in Mumbai.
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#SBI #Chief #Kumat #joins #HSBC #Board #Source Link #Former SBI Chief Kumat joins HSBC Board