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Cheng was most recently head of Citi's corporate banking unit in Hong Kong, and replaces Anson Kwok, who has retired.
Jakarta-based Michael Sugurin will oversee the development of MUFG’s global corporate banking portfolio in the country.
CT has learned that Matthew Davies will provide interim leadership for Apac payments, after Ameen, BofA's Apac head of global transaction services, stepped down last week.
A Brankas report showed pitfalls in both Indonesian and Filipino banks’ up- and downtime in 2023, revealing more infrastructure is required for higher service reliability.
Sabri Gmira has become ANZ’s head of corporate finance, Taiwan, while Yogesh Venkatachalam and Stephanie Vallance take on new roles in February.
Partnership between LPBank and Finastra to digitise the bank’s treasury offerings highlights the continuing transformation of Vietnam’s banking sector in 2024, but treasury talent could be an issue.
Embedded credit risk decisioning technology will give greater access for MSMEs to make loan applications, and could drive financial inclusion amid the government’s push for digitisation.
The partners have achieved a market first for Hong Kong’s treasury landscape.
In a recent discussion with CT, Moodey shared details around the bank’s partnership with the ADB and the scope of its trade finance ambitions across Asia’s emerging markets.
The API-based multibank connectivity service, with support from Starfish Digital, seeks to improve cash visibility via open banking.