Banks & Service Providers

Phil Carmalt will start in the role at BofA on May 29 and will continue to be based in Hong Kong.

The global economy is going through unprecedented times and expert panelists from Baguio Green Group, SF Reit Asset Management and HSBC discussed how to best manage the volatility.

The financing will support the Hong Kong property giant's general funding needs with the aim to tie with its sustainability and social initiatives.

Balancing core financial performance and meeting ESG regulatory standards is becoming a fine line for corporates to walk, according to senior executives at Towngas and Kerry Logistics Network.

The bank's regional Apac co-head of trade finance has said he is leaving to take a break; Aditya Gahlaut, has started as regional head, Asia, global trade solutions, at HSBC; the bank has also made changes in its regional payment leadership team.

Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.

Nathan Goonan will replace Michael Rowland at Westpac, with Shaun Dooley set to step in as acting CFO at NAB.

Wit Oemar first joined Citi Indonesia in 2006 as one of the founding members of Citi Commercial Bank in Indonesia.

The principles published by the International Chamber of Commerce (ICC) will help provide standardised guidelines for trade finance products.

The Singapore-headquartered loan platform Lendela, which works with multiple banks and uses a 'reverse auction model', sees growth in markets with a “high level of maturity".

As operational costs remain high, businesses are looking for funding relief from the SAR's upcoming budget, according to DBS; meanwhile, some firms are looking to expand abroad into Asia and the Middle East.

A virtual account provided by DB will help Hashkey better reconcile incoming fiat currency funds on the virtual asset trading platform.