Prasad Palla
About Prasad Palla
Prasad Palla serves as the Head of Wholesale Credit & Market Risk for North America at HSBC, a position he has held since 2014. He has extensive experience in market risk management, having previously worked in various leadership roles at HSBC and holding degrees in Economics, Accounting, and Finance from notable institutions.
Current Role at HSBC
Prasad Palla serves as the Head of Wholesale Credit & Market Risk for North America at HSBC. He has held this position since 2014, overseeing risk management strategies and ensuring compliance with regulatory standards. His role involves collaborating with various business units to enhance risk assessment processes and optimize capital allocation.
Previous Experience at HSBC
Prior to his current role, Prasad Palla held multiple positions at HSBC, including Head of Market Risk, North America from 2007 to 2009, and Head of Market Risk, Americas from 2009 to 2012. He also served as Head of Traded Risk, Americas from 2012 to 2013. In these roles, he focused on building relationships with regulators and implementing risk management frameworks.
Education and Expertise
Prasad Palla has a robust educational background. He earned a Bachelor of Commerce in Economics and Accounting from Osmania University and a Master of Commerce from the same institution. He also holds an MBA in Finance from Pace University - Lubin School of Business. Additionally, he completed an Executive Education program in Advanced Leadership at Stanford University and an Executive Program in Artificial Intelligence at the Massachusetts Institute of Technology.
Achievements in Risk Management
Prasad Palla has been credited with significant contributions to risk management at HSBC. He led the implementation of the IFRS9 accounting policy and collaborated with various teams to establish accounting standards. He also played a key role in reducing reliance on external consultants by developing internal capabilities through recruitment and training.
Contributions to Regulatory Committees
Palla is a regular contributor to the Board Risk and Audit Committees and the Management Risk Committee at HSBC. He provides insights on regulatory implementations such as IFRS9, CECL, and CCAR/GMS. His work includes collaborating with C-suite leaders to enhance processes and achieve substantial savings in Risk Weighted Assets.