HSBC Holdings plc today announced the appointment of Kalpana Morparia as an Independent non-executive Director of the company. The appointment will take effect from 1 March 2023.

Ms Morparia will also be appointed as a member of the Group Risk Committee and the Nomination and Corporate Governance Committee with effect from her appointment to the Board.

She brings extensive Asian business and cultural experience, gained over a 45 year career in banking in the region, primarily in India. Ms Morparia provides valuable insight and perspective to the Board’s strategy, risk and performance discussions. Her most recent executive role was as Chair of J.P. Morgan, South and Southeast Asia and a member of JPMorgan’s Asia executive committee, which she held until her retirement in 2021.

Prior to joining J.P. Morgan, Ms Morparia served as Joint Managing Director of ICICI Bank, India’s second-largest bank, from 2001 to 2007. She currently serves as an independent non-executive on the boards of Hindustan Unilever Limited, Dr.Reddy’s Laboratories Limited., and Philip Morris International Inc.

Commenting on the appointment, HSBC’s Group Chairman, Mark Tucker, said:

“Kalpana is a very experienced banker, with gravitas and presence. Her deep banking expertise and experience of the Asia region, particularly in India and Southeast Asia, will be an asset to the Board as we focus on growth in those markets under our Pivot to Asia strategy. We are delighted to welcome her to the HSBC Board.”