HSBC’s New India Wealth Boss Shows Where the Bank Wants Growth Next
HSBC Holdings Plc tapped Gautam Anand—a veteran with 25 years in banking—to lead its Global India private banking arm, putting him at the helm of a cross-border platform focused on high-net-worth clients tied to India. Anand’s remit spans India itself as well as major wealth centers like Dubai, Hong Kong, Singapore, and the UK. Timing’s crucial here. HSBC is set to release first-quarter results May 5, a chance for investors to see if Chief Executive Georges Elhedery’s restructuring efforts are paying off with more consistent growth—not simply reduced costs.