HSBC appoints Jayant Rikhye as CEO India

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The Hongkong and Shanghai Banking Corporation (HSBC) today announced the appointment of Jayant Rikhye as the chief executive officer for India.

The appointment would be effective from December 1 subject to regulatory approvals, HSBC said in a statement.

In his new role, Rikhye will lead HSBC’s next phase of growth in the country, where he first joined the Group in 1989, it said.

An HSBC Group General Manager, Rikhye is currently Head of International, Asia-Pacific, responsible for 11 markets in the region.

He succeeds Stuart Milne, who is also a Group General Manager, after five years in the role, it said.

During his career with HSBC, he worked in a number of countries and territories in a variety of functions, including corporate banking in Taiwan, institutional fund services in Hong Kong and Head of securities services for the Middle East and North Africa, based in the United Arab Emirates.