A 45-year banking veteran and JPMorgan’s former South and Southeast Asia chairwoman has joined HSBC’s board.
HSBC appoints Kalpana Morparia to its board as an independent non-executive director, according to a statement, effective March 1. She will also join the bank’s group risk committee as well as nomination and corporate governance committee.
Jackson Tai will step down from the board after being a member since 2016. Tai is also a former JPMorgan banker and the ex-CEO of DBS.
45-Year Career
Morparia has over 45 years of banking experience, previously as the South and Southeast Asia chair of JPMorgan as well as a member of its Asia executive committee. Prior to that, she was a joint managing director at ICICI Bank, India’s second largest lender, from 2001 to 2007. She currently serves as an independent non-executive on the boards of Hindustan Unilever, Dr.Reddy’s Laboratories and Philip Morris International.
«[Morparia] is a very experienced banker, with gravitas and presence. Her deep banking expertise and experience of the Asia region, particularly in India and Southeast Asia, will be an asset to the board as we focus on growth in those markets under our 'Pivot to Asia’ strategy,» said HSBC chair Mark Tucker.
