When he joined HSBC, in 1991, it was as a graduate trainee. Heidi Ashley For businesses, it offers loans, foreign exchange and trade financing. Surendra Rosha was appointed India CEO of Hong Kong and Shanghai Banking Corp at the end of July last year.He has spent all his career spanning 29 years with the UK-based lender in various roles. He has experience in global banking and markets including in sales, treasury and capital markets in India during 1991 2005. Vice President (VP) - Senior Portfolio Manager at HSBC Hong Kong, Thanks for the opportunity to experience HSBC beta digital wallet & owning my first ever NFT! Surendra Rosha Surendra Rosha Published Oct 24, 2022 + Follow Trends that have emerged in the past few years that underscore why we need to propel innovation in the financial services sector . Based on articles published, authors will very likely make at least three or more revisions to the original draft. Get your daily dose of business updates on WhatsApp. Peter will step into the role of non-executive Chairman of HBAP, replacing Laura Cha, who has also stepped down as non-executive Director of HSBC Holdings. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. The region will continue to be run as a single entity, jointly managed. 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Their collective experience of our markets across Asia Pacific, together with their combined knowledge of the bank and our customers mean they are ideally placed to grow the business. But thats from a relatively small base. HONG KONG: HSBC Holdings Plc named David Liao and Surendra Rosha as co-chief executive officers of Asia Pacific, taking over from long-time regional boss Peter Wong to steer the bank's expansion . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. We appreciate you taking the time to give us feedback. Rosha, 53 years old, holds a Bachelors Degree in Commerce from Bombay University and a Masters Degree in Business from the Indian Institute of Management, Ahmedabad. Great to hear about the impact Gloat is having with global workforces in global companies. Liao, previously China CEO, will no doubt focus on the banks businesses on the mainland and in Hong Kong, which together generated $10.8 billion in pre-tax profit last year. Surendra Rosha is the co-chief executive of HSBC Asia-Pacific and a group managing director of HSBC, roles he fills alongside David Liao. PLAN. Updated June 7, 2021 8:58 am ET. Get your daily dose of business updates on WhatsApp. Hitendra Dave, Chief Executive, HSBC India, Choose your reason below and click on the submit button. Sign up with your email address to receive news and updates. In appeal, Rahul says was mistreated, sentenced to attract disqualification, Kalakshetra suspends 4 teachers, appoints independent committee to probe sexual harassment allegations, Deepak 'Boxer', among Delhi's most wanted gangsters, arrested in Mexico with FBI's help, Cow vigilante booked for murder flaunted photos with BJP leaders, This website follows the DNPAs code of conduct. The employee campaign is rewarding both in terms of knowledge and keeping them interested in owning an NFT. And for large global companies and organizations, the bank offers advice on financing major projects, issuing debt or making acquisitions. Thanks Surendra Rosha for sharing the HSBC talent marketplace story. We are investing US$6bn in Asia in the next 5 years and David and Rosha will lead this next phase of our Asia strategy as we focus on expanding and diversifying our presence across the worlds most dynamic region, said Group CEO Noel Quinn. We are investing in Asias dynamic markets and in our technology. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Food and beverage industry bites into NFTs, but is it late to the party? However, they will retain the copyright to their work and are free to subsequently publish it elsewhere. may.y.m.kek@hsbc.com.hk. These tokens are designed to reflect HSBCs heritage and the Asia-Pacific region. Photo of Surendra Rocha is from his LinkedIn page. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Is Citroen launching a sedan cross in 2024? In 2018, Surendra Rosha, 55 years old, was appointed Chief Executive Officer of HSBC India. We believe HSBCs ability to help our customers navigate and capitalise on these developments within the region and beyond makes us the best partner for growth., Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. Days Trial. David, formerly Head of Global Banking Asia Pacific, and Surendra (known widely by his last name, Rosha), formerly CEO of HSBC India, will share panregional leadership responsibilities that include jointly leading regional businesses and functions, embedding purpose, values and culture, developing leadership and talent and overseeing risk, capit. Articles should be a concise, unique and fact-based analysis of a single issue. The goal of this project isnt just about the novelty of a HSBC-branded first-edition token, it is also providing our people an understanding of the digital asset ecosystem by experiencing its capabilities first-hand. Join to view profile About From FX Trading to Co-CEO of HSBC Asia Pacific, it's been an invigorating 30+ years at HSBC. #FutureFemaleForward | 'Have set up a fund of $1 bn focused on female entrepreneurs,' HSBC Asia Pacific Co-CEO Surendra Rosha tells @ShereenBhan. Choose your reason below and click on the Report button. Greater Bay Area drives Chinas new economy, Investor information in Chinese - , HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific, Shanghai Administration for Industry & Commerce. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. Surendra Rosha was appointed as Non-Independent Executive Director of the Bank on 5 January 2023. 2-Year He has worked in multiple roles in forex trading, corporate treasury sales, treasury and capital markets across a variety of countries. Rosha also mentioned that HSBC is committed to promoting gender diversity and has established a $1 billion fund . The themes amid todays volatility are clear: pushing boundaries, building resilient business all of which require financial institutions like HSBC to play a crucial role in making this future possible. Read the full media release: HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific (PDF 34KB). Find information about our performance, dividends, and investor events. Please be aware that the external site policies, or those of another HSBC Group website, may differ from our website terms and conditions and privacy policy. Download The Economic Times News App to get Daily Market Updates & Live Business News. All rights reserved (C), under United States copyright laws. ICICI Prudential Large & Mid Cap Fund Direct Pla.. We are not just focused on large corporates: Surendra Rosha, HSBC, I don't want to see these stories because. He will also serve as an adviser to Group Chairman Mark Tucker and Group CEO Noel Quinn. Cras mattis consectetur purus sit amet fermentum. Dave, formerly head of global banking and markets of HSBC India, has almost 30 years work experience in the Indian financial markets, of which the last 20 have been with HSBC. Your Reason has been Reported to the admin. Salary.com being able to use your name and address to tailor job posting to your geographic area. 01 Jun 2023 14:16:51 He moved back to India as chief executive there in 2018, before moving into his current Hong Kong-based position in 2021. 04:41. Ignatius Chithelen, publisher, is manager of Banyan Tree Capital, New York. Endless possibilities, diverse outlooks. Passionate about enabling the team to serve customers better, to innovate and. He will also serve as an adviser to Group Chairman Mark Tucker and Group CEO Noel Quinn. +852 2822 4940 This will help focus and structure the story. Thank you. We believe HSBCs ability to help our customers navigate and capitalise on these developments within the region and beyond makes us the best partner for growth., Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. Copyright APAC-BUSINESS.COM All rights reserved. Find the latest media releases, HSBC news, speeches and award wins. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. His leadership over the past 11 years has seen us grow our revenues in Asia substantially and build our lead in key sectors even as the markets underwent rapid change. Rosha, currently HSBC's Head of Financial Institutions Group (FIG) for Asia-Pacific, will succeed Jayant Rikhye, who is taking a leave of absence for medical reasons, a company statement said. Rosha moved to Hong Kong in 2007 to lead the Asia Pacific regional Institutional Sales team. In an interview with Joel Rebello, Rosha said the bank will leverage its global network to connect to the large NRI diaspora even as it homes in on small and medium enterprises within the country. HSBC appoints Hitendra Dave as India CEO, Surendra Rosha as co-CEO for Asia Pacific India is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020. Prior to that he was Head of Financial Institutions Group for Asia-Pacific. David Liao, formerly Head of Global Banking Asia Pacific, and Surendra Rosha, formerly CEO of HSBC India, will share panregional leadership responsibilities that include jointly leading regional businesses and functions, embedding purpose, values and culture, developing leadership and talent and overseeing risk, capital and liquidity levels. from the Maryland Institute College of Art, Baltimore. I would also like to thank Peter for his extraordinary contribution to HSBC and for agreeing to continue to share his expertise as non-executive Chairman of HBAP. India is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020. Through it all, the unwavering focus on the needs of our customers and tight teamwork and collaboration have been central to our success and will ensure HSBCs future growth. Hong Kong and Shanghai Banking Corp Ltd (HSBC) on Monday appointed Surendra Rosha as its India CEO replacing Jayant Rikhye who is on leave due to medical reasons. David Liaos successor will be announced in due course. In this role, he was responsible for directly managing overall client relationships across sectors, overseeing regional product teams, and managing first line risk, including Credit, Reputational and Financial Crime. Written permission is required to reproduce any content. David and Rosha will share the reporting lines for the markets in Asia Pacific between them. David Liaos successor will be announced in due course. (c) Global Indian Times. Senior management Surendra Rosha Surendra Rosha Co-Chief Executive, Asia-Pacific - The Hongkong and Shanghai Banking Corporation Limited Surendra Rosha is a Group Executive of the HSBC Group and Co-Chief Executive of HSBC Asia-Pacific. See here for a complete list of exchanges and delays. Industry Trends on 4000+ Stocks, Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-, ICICI Prudential India Opportunities Fund-IDCW. . Ravi Rao, contributor, is a professor of computer science at Fairleigh Dickinson University, USA. Surendra Rosha Rosha is moving to Hong Kong as the co-chief executive of HSBC Asia-Pacific, it added. The informal shareholders' meeting was held at Kowloonbay International Trade and Exhibition Centre. Experience Your Economic Times Newspaper, The Digital Way! Rosha joined HSBC's Indian operations in 1991. Choose your winners rationally in 3 simple steps! on all things entrepreneurship, startups, gender parity & more @DeloitteIndia @ficci_india @hcltech @ShereenBhan . Hitendra Dave succeeds Surendra Rosha who, after three years is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. He brings extensive experience growing franchises and supporting clients during a transformative period for the economy and capital markets of China and Asia. He joined HSBC in 1991 in India and his roles included foreign exchange trading and head of Sales, Treasury and Capital Markets for India. Why the City will soon ditch its beloved locals Details here. He got his M.F.A. Learning through HSBC Open Staff is a safe environment for developing innovative experiences that meet new demand but also proving efficiency, transparency, and security across our networks. PLAN. Prior written permission required to reproduce any content. (Reporting by Xie Yu; Editing by Christopher Cushing) This button displays the currently selected search type. The pair took over following the retirement of Peter Wong, who has become the bank's non-executive chairman. He joined the bank in 2001 in the global markets business. Rarely is that so obvious as with HSBCs (HSBA.L), (0005.HK) new Asia Pacific leadership duo, unveiled on Monday read more . Im looking forward to taking up my new role as HBAP Chairman, and am proud to have David and Rosha drive the next phase of growth in the region.. This will alert our moderators to take action. HSBC Holdings Plc named David Liao and Surendra Rosha as co-chief executive officers of Asia Pacific, taking over from long-time regional boss Peter . RT @CNBCTV18News: #FutureFemaleForward | Telangana Principal Secretary @jayesh_ranjan & Surendra Rosha of @HSBC_IN Asia Pacific joined us for a 360 dialogue (quite literally!) David and Rosha will be promoted to Group Managing Director and will join the HBAP Board as Executive Directors. PLAN, Yearly Peter Wong retires as Asia Pacific CEO and becomes non-executive Chairman of The Hongkong and Shanghai Banking Corporation (HBAP). Well said Surendra! Peter Wong retires as Asia Pacific CEO and becomes non-executive Chairman of The Hongkong and Shanghai Banking Corporation (HBAP). Choose your reason below and click on the Report button. At HSBC, Surendra Rosha has 964 colleagues including Noel Quinn (CEO), Mark Tucker (Chairman of the Board) At HSBC Bank Australia, Surendra Rosha has 17 colleagues including Antony Shaw (CEO), Grant King (Chairman of the Board) At HSBC Bank Malaysia, Surendra Rosha has 23 colleagues including Omar Noer Rashid (CEO), Kar Leng Chen . HSBC in 5-year lease deal with RMZ for 3.6L sqft in Bengaluru, Jet Airways misses paying $109 million loan from HSBC, HSBC Large & Midcap fund a good pick for investors. 68 murdered in Maliana, all accused acquitted 36 years later, residents ask: So who killed our families? In fact, it was heartening to read about the Hong Kong governments ambition as a global hub for virtual assets investors. As an example (and quoting our HSBC colleague Lewis Lei Sun at SIBOS), there are now over 100 jurisdictions, international financial institutions and intergovernmental bodies that have entered various proof-of-concepts and pilots of Central Bank Digital Currencies (CBDCs) to explore merits and considerations of a new form of money. Our third-quarter results show accelerated Asia-wide performance. Resize. Submissions Archive Contact Twitter. We are investing US$6bn in Asia in the next 5 years and David and Rosha will lead this next phase of our Asia strategy as we focus on expanding and diversifying our presence across the worlds most dynamic region, said Group CEO Noel Quinn. A former reporter at Forbes, he has written for Knowledge@Wharton, The New York Times, Barrons, The Indian Express, IndiaO & other publications. He has worked in multiple roles in forex trading, corporate treasury sales, treasury and capital markets across a variety of countries. Your email will be used solely to send you weekly updates. The Hongkong and Shanghai Banking Corporation today announced the appointment of Surendra Rosha as Chief Executive Officer for HSBC India, subject to regulatory approvals. Diversity and has established a $ 1 billion fund to manage all your and! 218-325-3806 email: PAY RANGE and BENEFITS: PAY RANGE and BENEFITS: PAY RANGE and:! Joined the bank offers advice on financing major projects, issuing debt or acquisitions! 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