Banks & Service Providers

Shanghai-based Lenny Chu started the role on August 11.

Joy Kwek joins from Morgan Stanley and is tasked with increasing the synergy between SMBC and SMBC Nikko, and strengthening their capital markets and structured solutions offering.

The facility has been designed to help mid-sized Korean shipping firms through time charter agreements; it is being supported by Crédit Agricole, Barclays and OCBC.

Baksi has switched roles at the bank to oversee HSBC's GTS business across Singapore, Philippines, Thailand and Vietnam.

Amid the uncertainty a US giant has suspended some apparel orders from the country, which is competing with the likes of Cambodia and Vietnam; meanwhile government export subsidies are set to decrease.

Many Asian corporates, such as Tata International, are taking a leading global role in trade finance digitisation as they look to boost balance sheets and ensure continued access to credit.

Rohit Naryanan, Dina Tisnadi and Doug Wood will also keep their existing roles at the Japanese bank.

Wendy Ooi has joined the Japanese bank from Standard Chartered, effective June 16.

Majed Julfar has joined the German bank in the Middle East from Etihad Credit Insurance, where he was director of trade credit insurance and export finance.

The current head of ANZ Papua New Guinea will be based in Shanghai and will report to Simon Ireland, ANZ’s managing director, international.

DBS and UOB are providing a $411m loan for a joint project from Singapore data centre developer DayOne and the Indonesia Investment Authority; the aim is to supply 5% of Indonesia’s projected data centre capacity by 2029.

The licence allows the global payment firm to directly partner with local firms.