Banks & Service Providers

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.

Thai Union's CFO Ludovic Garnier told CT the deal is an investment in its 2030 sustainability goals and the "future of the Thai blue economy", in part through training and investment in smallholder farmers; the ocean economy is worth 30% of Thailand's GDP.

Zhang Wenjie will return to Citi as the bank’s country officer and banking head for China in July.

Naveen Mallela, global co-head at JP Morgan's Kinexys, explained to CT how blockchain technology is enabling payments, and how global and Apac firms are embracing its use, including in the Middle East.

XTransfer clients can now receive payments in Brazilian Real.

Corporate treasurers and chief financial officers are increasingly using the service, although it is still more popular in Europe.