<p>After a 13 year stint with the British lender, HSBC India head Naina Lal Kidwai will retire by the end of this year, the bank said today.<br /><br /></p>.<p>Kidwai, who had joined the bank from Morgan Stanley, has been working as the chairman of HSBC India and executive director on the board of HSBC Asia-Pacific.<br /><br />"Having reached retirement age, it is time for me to move to different pursuits," 58-year-old Kidwai was quoted as saying in a statement by the bank.<br /><br />HSBC Asia-Pacific's chief executive Peter Wong said: "During this period, she has served HSBC with distinction in a number of senior roles."<br /><br />Hinting at a deeper association with the non-profit sector in her retirement, Kidwai said she intends to devote time for causes like women empowerment, water and sanitation.<br /><br />HSBC has been at the centre of the black money issue with hundreds of Indian account holders in its Geneva branch being probed for suspected tax evasion.<br /><br />Kidwai joined the bank as Vice Chairman and Managing Director at HSBC Securities and Capital Markets in 2002 and was appointed as group general manager in 2006.<br /><br />She took over as chief executive of HSBC India in 2007 and as Chairman of HSBC India in 2009.<br /><br />There was no mention of a successor for Kidwai in the statement.<br /><br /></p>
<p>After a 13 year stint with the British lender, HSBC India head Naina Lal Kidwai will retire by the end of this year, the bank said today.<br /><br /></p>.<p>Kidwai, who had joined the bank from Morgan Stanley, has been working as the chairman of HSBC India and executive director on the board of HSBC Asia-Pacific.<br /><br />"Having reached retirement age, it is time for me to move to different pursuits," 58-year-old Kidwai was quoted as saying in a statement by the bank.<br /><br />HSBC Asia-Pacific's chief executive Peter Wong said: "During this period, she has served HSBC with distinction in a number of senior roles."<br /><br />Hinting at a deeper association with the non-profit sector in her retirement, Kidwai said she intends to devote time for causes like women empowerment, water and sanitation.<br /><br />HSBC has been at the centre of the black money issue with hundreds of Indian account holders in its Geneva branch being probed for suspected tax evasion.<br /><br />Kidwai joined the bank as Vice Chairman and Managing Director at HSBC Securities and Capital Markets in 2002 and was appointed as group general manager in 2006.<br /><br />She took over as chief executive of HSBC India in 2007 and as Chairman of HSBC India in 2009.<br /><br />There was no mention of a successor for Kidwai in the statement.<br /><br /></p>