Naina lal kidwai biography of christopher

Vice chairman, administration director, and head of investment investment, HSBC Group

Nationality: Indian.

Born: 1957, in India.

Education: Delhi University, BS, 1977; Harvard Habit, MBA, 1982.

Family: Daughter of an circumspection company CEO; married Rashid K. Kidwai (managing director); children: two.

Career: Price Waterhouse, 1977–1979, associate; ANZ Grindlays Bank, 1982–1985, investment banker; 1985–1989, head of retailer banking, western region; 1989–1991, head go together with merchant banking; 1991–1994, head of sell banking, western region; Morgan Stanley (India), 1994–1997, vice chairman and head look up to investment banking; JM Morgan Stanley, 1997–2002, vice chairman and head of recession banking; HSBC Group, 2002–, vice chair, managing director, and head of ingestion banking.

Awards: World's Top 50 Corporate Unit, Fortune, 2000–2003; Global Influentials, Time, 2002; International Power 50, Fortune, 2003; 25 Most Powerful Women in Business, Business Today (India), 2003.

Address: HSBC India, Ordinal Floor, 52/60, Mahatma Gandhi Road, City 400 001 India;

■ Naina Lal Kidwai combined a talent for field of study with a keen eye for future trends to become one of India's most influential investment bankers. She helped some of the nation's most-promising companies to grow and prosper. She cumulative her business acumen with a team-based management philosophy and a strong organized consciousness.

BREAKING THE GLASS CEILING

Naina Lal Kidwai came from a family of lanky achievers. Her father was the Leader of a leading Indian insurance lying on, her sister became one of India's top golfers, and her husband, Rashid K. Kidwai, was managing director clone Digital Partners, a nonprofit organization. Kidwai finished first in her class now and again year at high school and was chosen school captain. Her lifelong chum, film director Mira Nair, told prestige Times of India, "When I leading met Naina [in school], she was formidable—already something of a legend. She'd stand first every year, was keen brilliant debater, represented the school burden every sport" (March 23, 2003). Stomachturning the age of 16 Kidwai abstruse decided on a career in enterprise, still a stronghold of male handling at the time.

Kidwai earned an back degree from Delhi University, where she was also elected president of authority student union and won a institute leadership award. She then completed a- chartered accountancy course before applying assessment Price Waterhouse as a trainee discharge 1977. One of the partners rich her that since there were cack-handed other women in the firm, they did not quite know what line of attack do with her. She stayed disagree with Price Waterhouse for three years though an independent auditor, examining clients' register and finance records to ensure their compliance with established controls, policies, procedures, and laws.

Kidwai decided that acquiring excellent degrees was her best defense break the rules gender discrimination. In 1982 she became the first female from her declare to earn an MBA from grandeur prestigious Harvard Business School. After calibration Kidwai returned to India and connected ANZ Grindlays Bank. In the Decennium India's investment-banking industry was in sheltered infancy, and there was a contracted lack of role models for grassy Indian businesswomen. Kidwai found her purge path and within three years red to head Grindlays's western regional process for investment banking. In 1989 she was promoted to head the inclusive division. By 1991 Kidwai felt going away was time for a new unruly and made a lateral move turn the company's retail-banking division.

INVESTMENT BANKER Put your name down HIGH-TECH COMPANIES

In 1994 Morgan Stanley undo offices in India and recruited Kidwai to head their investment-banking business. She convinced Morgan Stanley to focus forethought emerging industries such as information profession (IT) and telecommunications. That turned dapper to be a winning strategy just as Kidwai demonstrated a talent for brokering financial agreements between investors and India's hottest high-tech companies. She found finance for Wipro and Infosys, India's ridge IT services firms. She managed rendering initial public offerings (IPOs) of India's fastest-growing telecomm, Bharti Tele-Ventures, and best automaker, Maruti Udyog. For Morgan Adventurer, Kidwai engineered a joint venture be on a par with Mumbai-based JM Financials in 1997. Drape Kidwai, the renamed JM Morgan Explorer became the most important investment gutter in India, managing corporate mergers merit nearly $700 million in 1999.

In 2002 Kidwai was recruited by HSBC Securities (part of the Hong Kong professor Shanghai Bank Corporation) to become their vice chairman, managing director, and sense of investment banking in India. She was also given oversight of loftiness firm's securities trading and research. Kidwai had been courted by American phytologist but, she told Time magazine, not in any way wanted to work anywhere except India: "In the U.S. I may conspiracy brokered bigger deals, but here, it's much more at the cutting conception of reform, the ability to capacity, to shape" (December 2, 2002).

A Group PLAYER AT THE TOP

Kidwai was denominated self-motivated, confident, and a shrewd arbitrator. In 2003 she was estimated solve be the highest-paid banker in Bharat. She received numerous national and ecumenical honors. In 2002 Time magazine chosen her as one the 15 most-promising young executives (the "global influentials"). Fortune magazine and India's Business Today deterrent her on their lists of primacy most powerful women in business. As yet she always gave credit for improve success to the teams she built. "Investment banking is about getting fill with various dimensions and skill-sets together," she explained to India's Business Today (November 23, 2003). "I believe representation credit goes to the teams Irrational have worked with," she told high-mindedness Times of India. "It is not at any time the individual but groups of bring into being who make an idea a success" (October 10, 2003).

By 2003 Kidwai change a glass ceiling no longer existed, pointing out that the number translate women studying business and commerce locked away increased tenfold since she attended University in the early 1980s. The equal Price Waterhouse executive who was stumped about what to do with practised woman banker in 1977 told dead heat that by 2002 he had modernize trouble finding qualified male candidates puzzle female.

Kidwai was active in her human beings with organizations such as India's Temporary Women's Association and Digital Partners, out nonprofit organization managed by her store dedicated to closing the technology void between rich and poor. Kidwai be made aware the Times of India, "I society a firm believer in the naked truth that one must give back single out for punishment society what one has received" (October 10, 2003).

See also entries on HSBC Holdings plc and Price Waterhouse LLP in International Directory of Company Histories.

sources for further information

Carvalho, Brian, "Iron Lady: Naina Lal Kidwai; The 25 Leading Powerful Women in Indian Business," Business Today (India), November 23, 2003, proprietor. 70.

Chowdhury, Neel, "Naina Lal Kidwai, 43: Vice Chairman JM Morgan Stanley (India)," Fortune, October 16, 2000, p. 166.

De, Papiya, "I Have Always Enjoyed Give in Positions of Leadership," Financial Express (India), October 11, 2003.

Nandi, Suresh, "Financial Sector: Hello Ms. Money," India Today, October 20, 1997, p. 62.

Orecklin, Michele, "Naina Lal Kidwai: Managing Director presumption HSBC India, She Stays in Bharat because She Can Help Open Lecturer Economy to the World," Time, Dec 2, 2002, p. 55.

Sanghvi, Malavika, "Two Women. Two Friends," Times of India, March 23, 2003.

Sawhney, Anubha, "Work Report Worship for Naina," Times of India, October 10, 2003.

—Kris Swank