HSBC, a British multinational financial and banking service provider, has appointed Jayanth Rikhye as the new CEO for its Indian operations. Rikhye is expected to take charge of his new position from 1 December 2017. He will succeed Stuart Milne, who held this position for five years. Milne, who is also the Group General Manager will take a three-month sabbatical from the beginning of January 2018, and his next role at HSBC will be announced in due course.

Rikhye joined HSBC in 1989 and is currently serving as the Head of Strategy and Planning for Asia Pacific.  He is also head of international markets, Asia Pacific and is managing 11 markets in the region.  With over 27 years of experience, Rikhye has worked in multiple areas like Strategic Planning, Securities Services, Learning & Development, Treasury, Retail Banking, Corporate Banking and at multiple locations like Mumbai, New Delhi, Hong Kong, Taipei, Manila, Dubai, and Riyadh. 

Peter Wong, Deputy Chairman and Chief Executive of HSBC Corporation shared in media saying, “Jayant brings with him a vast experience of leading international banking operations in Asia. I am confident he will be able to take the bank’s India operations to the next level of development. I would like to thank Stuart for his significant contribution during his five years in India.”

Rikhye is currently a member of Boards for HSBC Taiwan, HSBC Mauritius, HSBC Vietnam, Bank Ekonomi, Indonesia, HSBC Asset Management, Asia Pacific, and HSBC Australia.