Surendra Rosha was appointed this week as the co-chief executive of HSBC bank’s Asia Pacific operations. Rocha, the former CEO of HSBC India, will share the job with David Liao and both will be based in Hong Kong. Hitendra Dave was appointed CEO of HSBC India.

“We are investing US $6bn in Asia in the next 5 years,” Noel Quinn HSBC Group’s chief executive said in a statement announcing the appointments. The London based bank, he adds, is focused “on expanding and diversifying our presence across the world’s most dynamic region.”

HSBC serves 40 million customers worldwide from offices in 64 countries. With assets of US$2,959 billion, it is one of the world’s largest banking and financial services organizations. Listed on the London Stock Exchange, it has a market value of $128 billion.

Customers range from individuals to some of the world’s biggest companies, governments and international organizations. HSBC provides individuals and families with mortgages to help buy their own home, as well as savings accounts and investment products. For businesses, it offers loans, foreign exchange and trade financing. And for large global companies and organizations, the bank offers advice on financing major projects, issuing debt or making acquisitions.

In 2018, Surendra Rosha, 55 years old, was appointed Chief Executive Officer of HSBC India. Prior to that he was Head of Financial Institutions Group for Asia-Pacific. In 2005, he was appointed head of global markets in Indonesia. Rosha moved to Hong Kong in 2007 to lead the Asia Pacific regional Institutional Sales team.

He joined HSBC in 1991 in India and his roles included foreign exchange trading and head of Sales, Treasury and Capital Markets for India.

Rosha, 53 years old, holds a Bachelor’s Degree in Commerce from Bombay University and a Master’s Degree in Business from the Indian Institute of Management, Ahmedabad.

In a post on LinkedIn, following his appointment as co-CEO of Asia Pacific, Rosha states, HSBC has “a clear strategy and the investment commitment to … (strengthen) our leading position in markets like Hong Kong and mainland China while diversifying our sources of income through building our businesses in India, Singapore and the rest of Asia.”

 Photo of Surendra Rocha is from his LinkedIn page.

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