HSBC has become the latest bank to sign a $1bn risk-sharing facility with the International Finance Corporation, to help address a trade finance gap in emerging markets.
Bhuchar, who once worked at DBS for over a decade, will join the Japanese bank in Singapore to oversee cash and trade products for Asia Pacific clients.
Norwegian government-owned Norfund is investing with a view to boost financial inclusion in Vietnam, adding to a list of SeABank’s foreign institutional investors.