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.
Kaushik Shaparia, Deutsche Bank’s Asia-Pacific head of trade finance and cash management for corporates, tells CT what the bank’s new CEO and strategy means for his patch.
HSBC has hired Sriram Muthukrishnan from Standard Chartered as its new Asia-Pacific head of business development for global trade and receivables finance.
Brigitte Volz has been hired by Commerzbank to run cash management and international business for Asia, replacing Guenter Gerke, who is retiring after 40 years with the German bank.
The British bank, HSBC, has hired Quang Buu Huynh from Vietnam to Hong Kong to run global trade and receivables business in an effort to drive trade revenue in the bank’s key markets.