Ambedkar, who joined the HSBC Group in 1994, succeeds Ramnath Krishnan, who has moved to HSBC Malaysia as the chief risk officer.
Prior to his latest appointment, Ambedkar was the managing director and head of institutional sales for the global markets business in India. He has experience across various areas within the group, including corporate sales, interest rates trading, balance sheet management and institutional sales.
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"We at HSBC believe that the demand for private banking services in India will continue to increase as the economy expands. With our global footprint, HSBC is uniquely positioned to assist our wealthiest clients to invest and manage their wealth. I am confident that Shantanu will ably guide our private banking business to deliver top quality service to our customers in India using his expertise and experience," Stuart Milne, chief executive officer of HSBC in India, said in a statement.
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