HSBC has appointed Sandeep Uppal as its new regional head of International Subsidiary Banking (ISB), Asia-Pacific. Uppal, currently HSBC’s head of Commercial Banking in India, will assume office on 1 June 2017. Stuart Tait, HSBC’s regional head of Commercial Banking, said the bank’s ISB is a vital part of its growth strategy and is a significant contributor of revenue to CMB. The bank’s presence in 71 markets gives it a footprint covering more than 90% of global GDP, trade and capital flows, he added. Uppal will lead teams across 19 markets in Asia-Pacific and will be responsible for growing the part of the bank that provides coverage to the subsidiaries of CMB clients within the large corporate and mid-market segments. He will report to both Tait and Cate Luzio, HSBC’s global head of ISB. Uppal’s current assignment will be taken up by Rajat Verma, who is now head of corporates for commercial banking in India.
