HSBC is losing its regional head of product for GLCM to a Singapore-based rival, CT can reveal. In his place, it is promoting two experienced bankers to new roles.
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
As one of the world’s most important banks for treasurers pivots to Asia, CT speaks to HSBC's head of cash & payments, Kee Joo Wong about the implications for corporates.
China’s new payment system will bolster capital flows on and offshore, providing a foundation for capital account convertibility, according to a HSBC top Asia cash and payments banker.
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.
Nov 19, 2014
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Rani Gu has moved back to HSBC after a seven-year stint with Citi. She now runs the British lender's payments and cash management for financial institutions in China.