HSBC Holdings Plc has promoted current commercial banking head in India, Sandeep Uppal, to regional head of International Subsidiary Banking (ISB), Asia-Pacific, effective June 1, 2017. In his new role, Uppal will be responsible for subsidiaries of commercial banking clients across 19 markets in Asia-Pacific. He will report to both Stuart Tait, regional head of commercial banking Asia-Pacific, and Cate Luzio, HSBC's global head of ISB. Uppal replaces Ajay Sharma who was recently appointed HSBC's regional head of Global Trade and Receivables Finance for Asia-Pacific. Meanwhile, Rajat Verma will replace Uppal as head of commercial banking in India, also effective June 1, 2017. Verma, who has been with HSBC for more than 19 years, currently serves as HSBC's head of corporates for commercial banking in India. He will report to Stuart Milne, CEO of HSBC India.