HSBC India appoints Sanjiv Sud as retail banking head

HSBC India today said it has appointed Sanjiv Sud as head of retail banking and wealth management.

"Before taking over as the head of retail banking and wealth management at HSBC in India, Sud was based in Hong Kong from where he ran HSBC's Asia-Pacific consumer assets business," the lender said in a statement issued here.

He will be responsible for HSBC's premier and advance propositions, wealth management, liabilities, consumer assets, NRI business and the distribution network, it added.

"After successful stints in various countries, I am confident that he will continue to build our retail and wealth management business in India," HSBC India Group general manager and chief executive officer Stuart Milne said.