Sanjiv Sud named country head of retail banking, wealth management for HSBC India

He was formerly based in Hong Kong.

Before his appointment, Sud was based in Hong Kong running HSBC's Asia-Pacific consumer assets business.

HSBC India's retail and wealth management division reported a pretax profit of US$41 million in 2012 after taking losses for the previous two years. The division posted a loss of US$14 million in 2011 and US$83 million in 2010, said HSBC.