Ajay Deshpande
About Ajay Deshpande
Ajay Deshpande is the Head of Middle Office, Product Control and Regulatory IT for India at HSBC Software Development India Pvt Limited, where he has worked since 2006. He holds an Engineer’s Degree in Electrical Engineering and a Master of Management Studies in Finance, and has extensive experience in managing large teams and overseeing multiple IT projects.
Work at HSBC
Ajay Deshpande has been with HSBC Software Development India Pvt Limited since 2006, serving as the Head of Middle Office, Product Control and Regulatory IT for India, Markets IT. In this role, he has managed a team of 450 professionals and has been involved in various HR management activities, including objective setting, appraisals, and organizing training sessions. He has also contributed to the management, tracking, and reporting of multiple projects from the Pune perspective. His leadership has been pivotal in transitioning large projects to Agile methodologies from traditional SDLC practices.
Education and Expertise
Ajay Deshpande earned an Engineer’s Degree in Electrical Engineering from Sardar Patel College of Engineering, where he studied from 1987 to 1991. He furthered his education by obtaining a Master of Management Studies in Finance from Narsee Monjee Institute of Management Studies, completing the program from 1992 to 1994. His academic background has provided him with a strong foundation in both engineering and finance, which supports his current role in IT and product control.
Background
Before joining HSBC, Ajay Deshpande worked at Kotak Securities as an Assistant Manager for nine months in 1995-1996. His career at HSBC has spanned over 18 years, during which he has held various significant roles, including Global Functional Owner for Trade Conduct Controls IT and Functional Owner for Global Investment Banking Accounting and Reconciliations. His extensive experience in the financial services sector has equipped him with a comprehensive understanding of market operations and regulatory requirements.
Achievements
Ajay Deshpande has played a key role in several initiatives at HSBC, including the development of the Future State Architecture for Finance IT. He has successfully attracted multiple key roles to Pune from high-cost locations, enhancing the operational capabilities of the Pune FMO IT. Additionally, he has been instrumental in setting up the GBM Big Data capability in collaboration with strategic partners, demonstrating his commitment to innovation and efficiency in financial technology.