HSBC names new CEO for PHL unit
THE Hongkong Shanghai Banking Corp. (HSBC) has appointed Sandeep Uppal as president and chief executive officer of its Philippine unit, the bank said in a statement.
Mr. Uppal will succeed Graham Fitzgerald, who is leaving HSBC in February after 18 years with the bank.
Mr. Uppal is currently based in Hong Kong, serving HSBC as its Global Co-Head of International Subsidiary Banking. In this role, he is responsible for managing the HSBC’s large corporate and mid-market subsidiary clients across 49 markets.
He joined HSBC in 1993 and has over 30 years of banking experience working in Hong Kong, India, Mauritius, the Philippines and the UK.
“[Mr.] Sandeep [Uppal]’s extensive international banking experience will be invaluable to our retail and wholesale banking growth strategies in what is ASEAN’s third-largest economy, particularly as we set course to grow market share in the country’s mid-market enterprise sector,” Surendra Rosha, co-chief executive of HSBC Asia Pacific, said in a statement.
HSBC is the 15th biggest bank in the country with assets worth P195.975 billion as of end-September 2021.
The UK banking giant offers wholesale banking, global banking and markets, and wealth and personal banking services in the Philippines.
HSBC has eight branches in the country, which are located in Metro Manila, Cebu and Davao. It has the locally incorporated HSBC Savings Bank and a Global Service Centre servicing local and international HSBC markets. — LWTN
