Rio Tinto's former global head of treasury operations, Oliver Wolfensberger, has switched to a finance role as senior corporate finance manager for British American Tobacco.
Simon Babbage has been promoted to head of payments and cash management for HSBC in Australia, focusing on delivering renminbi cash solutions to Australian corporates.
HSBC has lured former Philips CFO Bart Ras away from Citi to be its new global head of business development for global trade and receivables finance (GTRF).
Chris V Koemolontang, former finance head for Bumitama Agri, is now the treasurer for US-headquartered ACE Hardware’s holding company in Indonesia. He cites retail's bright future in Indonesia as his reason for moving.