HSBC India today said it has elevated Shantanu Ambedkar as Managing Director and head of its private banking arm.

He succeeds Ramnath Krishnan, who has moved to HSBC Malaysia as the Chief Risk Officer, the bank said in a statement.

Ambedkar joined the HSBC Group in 1994 and was managing director and head of institutional sales for the global markets business here.

“We believe that the demand for private banking services here will continue to increase as the economy expands. With our global footprint, we are uniquely positioned to assist our wealthiest clients to invest and manage their wealth,” Chief Executive Officer Stuart Milne said.

(This article was published on August 2, 2012)
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