Prior to joining HSBC Securities and Capital Markets, India, Pvt. Ltd.,
Ms. Naina Lal Kidwai held various senior positions at JM Morgan Stanley including Vice Chairman, JM Morgan Stanley, and head of JM Morgan Stanley's investment bank in India. Ms. Kidwai was ranked 3rd by Fortune Magazine in their first ever listing of the world's top women in business in Asia (2000).

Fortune magazine also placed her amongst the top 50 Women in Business, internationally, in the years, 2001, 2002 and 2003. Ms. Kidwai chairs various committees of Industry Associations, is a member of the Governing Body of NCAER (National Council of Applied Economic Research) and is a Director of the International Board of Digital Partners Foundation, USA.