Banks & Service Providers

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.

A licensing scheme for stablecoin issuers in Hong Kong is expected to be introduced later this year. Bill Winters, group CEO of Standard Chartered, says "digital assets are here to stay."

CorporateTreasurer recently caught up with Winnie Chen, head of Asia Pacific, global payments services, Bank of America, to discuss real-time payments, QR codes, cross-border transactions and more.

Two leadership roles have been created to boost transaction banking and digital offerings; the British bank also announced its 2024 annual results last week.

Financing will include trade loans, securitisations, co-financing partnerships, term loans, working capital facilities and IPOs, according to the US bank.