HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
With two new hires in place in Singapore, global coordination, Citi ramped up its treasury advisory team in a market where competitors have struggled for business.
Tan Siew Meng has been appointed as HSBC’s new regional head of global trade and receivables finance. She was previously the CEO of its Thailand operations.
As several Asia-Pacific corporates consider acquisitions in more mature markets, Olivier Grandval, corporate treasury manager at PwC Hong Kong, identifies underlying opportunities.
In the latest churn in leadership at RBS’ global transaction services (GTS), Carole Berndt, global head of RBS GTS, will leave the bank to be managing director for ANZ global transaction banking.