HSBC appoints new global trade and receivables finance head


HSBCappoint Vivek RamachandranAs HeadOf Global Trade and Receivables Finance(GTRF), immediately effective

Theappointment is a way to return to HSBCFor VivekWho was the first to join? HSBCIn 2015 Global HeadOf Product and PropositionsGTRF andIt was then renamed Global HeadOf Growth & InnovationFor HSBC Commercial Banking. HeAlso, the previously ran Global Transaction BankingBusiness at Barclays, andAttained senior management positions Lloyds. Since 2019 VivekHas been the CEO of SeraiThe HSBCVenture founded in Hong KongThe, which operates independently and provides a B2B supply chains platform.

HSBC’s Global Trade and Receivables Finance is the world’s leading provider of international trade andSupply chain finance solutions, with an unrivalled network covering over 90% of the world’s trade andCapital flows InLast week, the company released its first quarter earnings. HSBCGTRF performance was strong, driven by 22% increase in revenues Commercial BankingComparable to 1Q21. ThisRecord-breaking customer satisfaction scores have underscored our performance. andThe bank that was ranked first in the Euromoney Trade Finance Survey- Based on customer votes – for fifth consecutive year.

Barry O’ByrneCEO of Global Commercial Bankingat HSBC, said: “We’re really excited to have VivekJoin HSBCTo advance our sustainable development trade financeAgenda, expand our product offerings and further cement our position as the world’s leading trade bank.”

VivekInitially, the base will be in Hong Kong, andWill report to Barry O’Byrne and Greg Guyett, Co-CEO HSBC Global Banking and Markets. HeIt succeeded Ajay Sharma and Vinay Mendonca, who took over joint interim leadership of GTRF In June2021 in addition their respective roles in GTRF Regional HeadOf Asia-Pacific, and Global HeadOf Product, Propositions and Structuring.

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