EmerioBanque

HSBC Named New Global Trade And Receivables Finance Head

As per the latest news, HSBC has named Vivek Ramachandran as Head of Global Trade and Receivables Finance (GTRF), effective immediately.

The aforesaid appointment is a re-visit to HSBC for Vivek as he first came into the company in 2015 as Global Head of Product and Propositions for GTRF, and after that, he was appointed as Global Head of Growth & Innovation for HSBC Commercial Banking. Earlier, he was involved in operating the Global Transaction Banking business at Barclays and handled senior management roles at Lloyds. Since 2019, Vivek has been working as the CEO of Serai, the HSBC-established venture situated in Hong Kong, that works as a separate organization conveying a B2B supply chain platform.

HSBC’s Global Trade and Receivables Finance is the leading & renowned supplier of international trade and supply chain finance solutions, with an unparalleled organization covering more than 90% of the global trade and capital flows. Talking about its first-quarter income last week, HSBC detailed solid GTRF execution, driven by a 22% expansion in incomes in Commercial Banking compared to Commercial Banking compared with 1Q21. This execution has been highlighted by record-high customer loyalty scores, and the bank is getting the top position in the Euromoney Trade Finance Survey- in the light of client votes - for the 5th consecutive year.

As per Barry O’Byrne, CEO of Global Commercial Banking at HSBC, “We are pleased to have Vivek rejoin HSBC - to accelerate our sustainable trade finance goal, extend our product recommendations, and further improve our positions as the world’s leading trade bank. ”

Vivek will initially be based in Hong Kong and will report to Barry O’Byrne and Greg Guyett, Co-CEO of HSBC Global Banking and Markets. He replaced Ajay Sharma and Vinay Mendonca, who expected joint interim leadership of GTRF in June 2021 along with their particular roles in GTRF as regional head of Asia-Pacific, and Global Head of Product, Propositions, and Structuring.

Source

https://www.finextra.com/pressarticle/92534/hsbc-appoints-new-global-trade-and-receivables-finance-head





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

19 Sep

Free Trade Agreements: A Path to Prosperity and Cooperation

Free Trade Agreements usually are the formal pacts which are between the two or other countries to e...

14 Sep

India's G20 Legacy: A Comprehensive Assessment of Achievements

India's G20 presidency, an important international forum, has gained praise for its capacity to brin...

08 Sep

Kickstarting The Global Economy – How Financing Can Help

If we talk about the global economy then it has experienced its share of fluctuations, but the recen...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.