HSBC has appointed Stuart Milne as its CEO for India business. He succeeds Stuart A Davis. Stuart has earlier been the country manager for HSBC Japan. He has been with HSBC since 1981, and has worked in diverse geographies during his earlier stints – Europe, the Middle East, the United States and Asia.
HSBC is Europe’s largest bank and has a good well established presence in India. HSBC’s origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers. In India, HSBC offers a comprehensive suite of products and services to its corporate and commercial banking clients as also to a the personal banking customer base.
The HSBC Group serves customers worldwide in over 80 countries and territories in Europe, the Asia-Pacific region, the North and Latin America, the Middle East and Africa. With assets of some USD 2,716 billion at 30 September 2011, HSBC Group is one of the world’s largest banking and financial services organization.