Naina Lal Kidwai, Group General Manager and Country Head, HSBC India. Here is what she says "I have always believed that one must have a dream, set goals, do one's best and not worry about the results." Raised in Mumbai and Delhi, Naina Lal Kidwai did her initial schooling from Shimla. After obtaining her BA degree in Economics (Honours) from Delhi University, she went on to do her MBA from Harvard Business School and is the first Indian woman to graduate from the school. She started her career with ANZ Grindlays Bank (now Standard Chartered Bank) in 1982 and rose through the ranks working on assignments in retail and investment banking. In 1994 she moved to Morgan Stanley to start up their India operations. Through a subsequent joint venture with the London investment bank J. M. Financial, Naina Lal Kidwai expanded Morgan Stanley's impact in the country. She joined HSBC's investment banking and securities business in the year 2002 as the Vice Chairman and Managing Director in India. She has led several landmark deals for Indian Companies such as the NYSE listing of Wipro, privatizations of companies like Maruti, GAIL and several merger and acquisition deals.
Married and a mother of two children, Naina is a devotee of western and Indian classical music, enjoys trekking in the Himalayas, and is passionate about wildlife. For Naina the real mantra for happiness lies in recognizing one's inner strengths and doing one's best.
Naina Lal Kidwai's Specialties:
In 2007, she was awarded the Padma Shri, one of the highest civilian awards bestowed by the Government of India, for her exemplary work in the field of Trade and Industry.
Experience
Naina Lal Kidwai has become the first woman to head the operations of a foreign bank in India. The deputy chief executive officer of the Hong Kong and Shanghai Banking Corporation has taken over as chief executive from Niall SK Booker, who is to move to Dubai as deputy chairman and CEO of HSBC Bank in the Middle East.
Ms Kidwai has been deputy chief executive officer of HSBC in India since June '04. She joined HSBC in November '02 as vice-chairman and managing director of HSBC Securities and Capital Markets India, prior to which, she was vice-chairman at investment bank JM Morgan Stanley.
Ms Kidwai oversees operations spread across 43 branches in 22 cities. As on March '05, the bank had deposits of over Rs 17,000 crore and advances of Rs 12,600 crore.
Mr Booker had shaken up the bank's operations in India, replacing perks and benefits with cash and introducing a pay-for-performance culture in the bank. The bank had also made a play for private sector UTI Bank.
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