Personal loan lender, HSBC has elected Naina Lal Kidwai as the new director of the bank. Kidwai will join the office from 1st October 2010. Her taking over this position on this date will depend on the approval from the Hong Kong Monetary Authority.
Kidwai has been associated with HSBC since 2002. Presently she is the country head of the bank’s Indian operations.
Michael Geoghegan, who is chairman HSBC and group chief executive of HSBC Holdings said, “Naina’s appointment to the HSBC board is a reflection of the growing importance of India in our emerging markets strategy.”
He added, “We recently announced our third major investment in the country in the last two years and see a range of growth opportunities in areas of strength for HSBC, including in insurance and in serving businesses that trade internationally.”
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