Transaction banking revenues were the highest in a decade last year, according to one industry monitor. CT spoke to bankers in the region to find out what went right.
HSBC has promoted Kee Joo Wong tohead of payments and cash management for Asia-Pacific. He replaces John Laurens, who took up the top transaction role at DBS.
Two stalwarts of Asia-Pacific transaction banking have shifted, as HSBC’s John Laurens moves to assume Tom McCabe’s role as DBS’ head of global transaction services.
HSBC has launched a receivables reconciliation product for FMCG clients. The British bank is targeting pharma and insurance clients with a similar payments profile next.
Dec 3, 2012
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HSBC pulled Mark Troutman in to head sales for cash and global payments in Asia-Pacific. The announcement comes shortly after the departure of Richard Jaggard who now runs Standard Chartered’s transaction banking business in Europe.