News makers:
17 May 2004
21 May 2004
HSBC restructures at the top
Mumbai: HSBC has announced several top-level executive moves and new assignments in its India operations, and as part of these changes Naina Lal Kidwai has been promoted as the Deputy CEO of the bank. This is in addition to her existing responsibility of Vice-Chairman and MD of investment banking arm, HSBC Securities and Capital Markets India Pvt Ltd. Simon Munter, deputy CEO of HSBC in Turkey, has been appointed as the banks COO in India.
Nancy Dickinson will take over as Regional Head of Northern India. Subir Mehra, former head of NRI services, has now become the head of the commercial banking business and Satish Janardhanan, previously manager of the IT unit, has now become the head of IT at the bank. Punnet Chaddha, former head of custody and clearing, has now become head of the bank's cards business. Ravininder Singh, former head of corporate banking for Western India, has now become the head of corporate banking in India.
18 May 2004
Deepak Chaudhuri to take over at Shaw Wallace in 2005
Bangalore: Shaw Wallace has announced that Deepak Chaudhuri, Head of Traditional Businesses, will takeover as the President of the core liquor business with effect from April 1, 2005. He will succeed A.K.M.A. Shamsuddin who is retiring.
The company today said it has already inducted Chaudhuri as Joint President of Liquor Division even as it extended Shamsuddin's term as President - till March 31, 2005. Shamsuddin will continue with the group as advisor even after the expiry of his extended term as President Liquor Division.
Chaudhuri was in-charge of the beer business of the company till May last year when Shaw Wallace formed a joint venture with leading global brewer, SAB Miller. Chaudhuri will continue to be responsible for country liquor and traditional businesses that include Narmada Gelatines and agri business. Chaudhuri joined Shaw Wallace a couple of years ago prior to which he occupied key posts in leading Indian brewer, United Breweries (UB).
