Naina Lal Kidwai

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Naina Lal Kidwai
Group GM of HSBC India
Kidwai in 2012
Born 1957 (age 59–60)[1]
Residence India
Nationality Indian
Alma mater Lady Shri Ram College for Women, University of Delhi[1][2]
Harvard Business School,[1][2] Institute of Chartered Accountants of India
Occupation Banker
Years active 1982 – present
Employer HSBC
Title CEO and Country Head of HSBC India[2][3]
Spouse(s) Rashid K. Kidwai

Naina Lal Kidwai (born 1957) is an Indian banker, Chartered Accountant and business executive. She is currently the Group General Manager and Country Head of HSBC India.[4][5][6] She is also a former President of the Federation of Indian Chambers of Commerce and Industry (FICCI).[7]


Education and early years[edit]

Kidwai holds a Bachelor's degree in Economics from University of Delhi (1977 batch) and an MBA from Harvard Business School in 1982.[8][9] Kidwai was the first Indian woman to graduate from Harvard Business School[10] and also the first woman to guide the functioning of a foreign bank in India. She is also a qualified chartered accountant.

From 1982-1994 she worked ANZ Grindlays, where her assignments included Head of the Investment Bank, Head of Global NRI Services and Head of the Western India, Retail Bank. From 1994 to 2002, Mrs. Kidwai served as the Head of Investment Banking in Morgan Stanley India and JM Morgan Stanley.[11] She also served at Standard Chartered Bank from the year 1982 to 1994 and as Chief Manager of Retail Bank from 1984 to 1991. From 1989 to 1991, Mrs. Lal was the Chief Manager and Head of Investment Bank India and as Manager of North India of Investment Bank from 1987 to 1989. Naina Lal has also served as the Manager of West India of Investment Bank based in Bombay from 1984 to 1987. From 1977 to 1980, she worked at Price Waterhouse & Co.

Current positions[edit]

She is currently Chairman of Max Financial Services Ltd. Along with serving as the Chairman of HSBC Asset Management (India) Pvt Ltd and HSBC InvestDirect (India) Ltd, her other positions include being a non-executive director on the board of Nestle SA and Altico Capital Partners, Chairwoman, City of London's Advisory Council for India, Global Advisor, Harvard Business School. She is on the Governing Board of NCAER, Audit Advisory Board of the Comptroller and Auditor General of India, and on the National Executive Committee of CII and FICCI.

Career highlights[edit]

Mrs. Kidwai serves as a Group General Manager of HSBC Holdings Plc since 1 October 2006. She also serves as the Chief Executive Officer of HSBC India of HSBC Holdings Plc since 5 May 2006. Since 15 April 2009, Mrs. Kidwai also served as the Country Head of HSBC India. She also served as the Head of Corporate & Custodial Services of HSBC Bank. Naina also served as the Group General Manager of HSBC India until 15 April 2009. Mrs. Kidwai also served as the Deputy Chief Executive Officer of HSBC Holdings Plc since 21 May 2004. Besides, she also served as Managing Director of HSBC Securities and Capital Markets India. She has also served as Deputy Chief Executive Officer of HSBC from November 2002 to 5 May 2006.[12]

Personal life[edit]

Naina is married to Rashid Kidwai who runs an NGO named Grassroot Trading Network for Women. Mrs. Naina is the daughter of an insurance company CEO. Her mother comes from an industrial family being the sister of industrialist Lalit Mohan Thapar. Her interests include microfinance and livelihood creation for rural women and environment. Naina, also supports the world's largest youth driven organization - AIESEC as a National Advisory Board Member to AIESEC India. Naina Lal is very fond of Indian classical and the western music. She also loves to go on trekking tours to the Himalayas. Mrs. Kidwai is also a nature lover and also has keen interest in observing the wildlife. Kidwai has repeatedly ranked in the Fortune global list of Top Women in Business, 12th in the Wall Street Journal 2006 Global Listing of Women to Watch ad listed by Time Magazine as one of their 15 Global Influentials 2002.[13] She is also the mother of 2 children, who is maintaining between home and work.


For her praiseworthy work, Naina has also secured many accolades. Naina Lal has secured the distinguished Padma Shri award for her contributions in the areas of trade and industry.[14] She has also received ALL Ladies League's Delhi Women of the Decade Achievers Award 2013 for Excellence in Banking.


External links[edit]