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HSBC has hired Bhriguraj Singh as its new head of product management for global trade and receivables finance Asia Pacific (ex-Hong Kong & Macau), effective from 11 June, 2012.
Singh (pictured) will relocate from Mumbai to Hong Kong. He was previously the head of global trade and receivables finance in India and will report to Simon Constantinides, head of global trade and receivables finance Asia Pacific (ex-Hong Kong and Macau).
To replace Singh, HSBC will move Surath Sengupta from London to Mumbai. Responsible for driving trade revenues and growing the bank’s market share in India, Sengupta was previously HSBC’s head of international business, commercial segment, for the UK.
The hires follow a clear trend from banks to increase headcount in Asia Pacific in areas such as receivables purchasing. Constantinides said in a press statement, “This is a new role borne out of an initiative to capitalise on the increased demand for trade and receivables finance products within the region.”