U.S. Bancorp's entry into Indian market
U.S. Bank Since the 1990s, driven by the rise of the Asian economy, U.S. Bank has begun to enter the Asian market. It has a regional headquarters in Hong Kong (China) and oversees emerging markets such as Taiwan (China), South Korea, Japan and Singapore. The bank has had great success partnering with local banks, brokerages and asset management groups in these regions. Initially, U.S. Bancorp planned to relocate its Asian headquarters to Singapore. However, under the insistence of CEO Veenit Jindal, they decided to move it to India instead. This decision was influenced by the fact that India is Jindal's home country, where there is significant economic prowess and robust political and civil relationships closely tied to the United States. Veenit Jindal, born in 1969 in New Delhi, India's capital city, has been a leader in various aspects such as finance, culture, communication, education, research, and transportation in India. New Delhi's strategic geographic ...