London based and Asia focused HSBC has re-shuffled senior bankers in its International Subsidiary Banking unit which manages commercial banking clients across 19 markets in Asia-Pacific.
HSBC has promoted the current India Commercial Banking Head Sandeep Uppal, to the role of Regional Head of International Subsidiary Banking (ISB), Asia-Pacific, with effect from 1 June 2017.
Uppal succeeds Ajay Sharma who was recently appointed HSBC’s Regional Head of Global Trade and Receivables Finance for Asia-Pacific.
In the enhanced role Uppal will be responsible for subsidiaries of commercial banking clients across 19 markets in Asia-Pacific and will report to both Stuart Tait, Regional Head of Commercial Banking Asia-Pacific, and Cate Luzio, (pictured) HSBC’s Global Head of ISB.
In India, Uppal will be succeeded by Rajat Verma as Head of Commercial Banking in India also with effect from 1 June 2017
Verma is currently HSBC’s head of corporates for commercial banking in India and has been with HSBC for more than 19 years. He will report to Stuart Milne, CEO of HSBC India.
